HomeMy WebLinkAbout1987-05-05 Support Documentation Town Council Regular Session
VAIL TOWN COUNCIL
WORK SESSION
TUESDAY, MAY 5, 1987
2:00 p.m.
- AGENDA
1. Discussion of Ordinance No. 13, Series of 1987, first reading, an
ordinance authorizing the issuance of Town of Vail, Colorado,
West Vail Local Improvement District No. 1, special assessment
bonds, dated June 1, 1987, in the aggregate principal amount of
$525,000, for the purpose of paying a portion of the cost of
constructing and installing improvements therein; prescribing the
form of the bonds; providing for the payment of the bonds and the
interest thereon; and making provision for other matters relating
thereto.
2. 1986 Year End Financial Report
3. July 4th Youth Programs and Activities
4. Request from Gastof Gramshammer to Purchase a Small Area for
Entrance Enhancement
5. Vail Transportation and Parking Task Force Interim Report
6. Discussion of Ordinance No. 14, Series of 1987, first reading,
amending SDD #6 (Vail Village Inn) and requesting approval to
phase the construction of the remaining phase of the project
7. Lionshead and Village Popcorn Wagon Lease Negotiations
8. Alpine Garden Demonstration Area Final Design
9. Update on Public Arts Forum Project
10. Clean Up Day - May 9
11. Information Update
12. Other
VAIL TOWN COUNCIL
WORK SESSION
TUESDAY, MAY 5, 1987
2:00 p.m.
EXPANDED AGENDA
2:00 1. Discussion of Bond Ordinance No. 13 for the West Vail
Charlie Wick Local Improvement District
Action Requested of Council: Review/discussion of Ordinance
No. 13.
- Background Rationale: The bond ordinance is necessary in
order for the Town to issue the bonds for the West Vail
Local Improvement District. Steve Jeffers of Kirchner Moore
will be available at the Work Session but not the Evening
Meeting to answer Council's questions regarding the
ordinance.
2:15 2. 1986 Year End Financial Report
Steve Barwick
Action Requested of Council: Review/discuss the year end
financial report.
Backqround Rationale: The auditors submitted their year end
journal entry adjustments to Town staff on 4/22/87. Town
staff has reviewed and input the final adjustments and was
' able to run the final revenue and expenditure statement on
- 4/28/87. The year end financial summaries, including fund
balances, will be presented to Council at this Work Session.
2:30 3. July 4th Youth Programs and Activities
Joanne Mattio
Action Requested of Council: Receive report and
approve/deny 11,000 budget.
Background Rationale: This is an update on the current July
3rd and 4th activities for youth under 20. Joanne will
present plans as of this date which have been made by the
planning committee and discussed by the Mayor's Task Force
on Community Events.
Staff Recommendation: The plans and budget were mentioned
to Council in March, but staff is requesting a final
approval of the $11,000 budget for the July 4th youth
dances. _
2:45 4. Request from Gastof Gramshammer to Purchase a Small
Area for Entrance Enhancement
Action Requested of Council: Discuss the request and give
staff direction whether or not to proceed.
Background Rationale: Pepi Gramshammer is requesting to
purchase approximately 225 sq. ft. of Town land to enhance
the entrance to Gastof Gramshammer and to move the parking
access gate further south to the perimeter of the Children's
Fountain Plaza. If this is to be done, staff should be
directed to negotiate a price and Gramshammer should be
required to prepare a survey. Some type of access easement
,should be preserved for emergency purposes.
Staff Recommendation: This has just been submitted and will
be discussed at the Monday morning interdepartmental
meeting. Staff comments will be presented at the Council "
meeting.
3:00 5. Vail Transportation and Parking Task Force Interim Report
Stan Berryman
Background Rationale: Review the Task Force report and
recommendations for concurrence or modification.
Background Rationale: The Task Force met on March 5 and
April 9 to discuss a number of parking, loading and
transportation issues. The interim report summarizes the
Task Force recommendations regarding the issues discussed.
Staff Recommendation: This report will also be presented at
the Evening Meeting for Council action.
3:16 6. Discussion of Proposed Amendments to the Vail Village Inn
Tom Braun SDD as they relate to the Ski Museum
Action Requested of Council: Ask questions and offer
comments on this proposal.
Background Rationale: The 1985 approval for the last phase
of VVI required the developer to: 1) come to agreement with
the Ski Museum on their relocation into UVI, 2) provide
space in VUI for the museum, 3) provide funding or complete
the removal/demolition and landscaping of the present ski
museum site. Amendments to these conditions are requested
by the developer.
Staff Recommendation: Staff recommends the Town have
concrete assurances the ski museum will be relocated and the
~ existing site be developed into a park as an element of the
development of VVI.
3:30 7. Lionshead and Village Popcorn Wagon Lease Negotiations
Kristan Pritz
- Action Requested of Council: Discuss an appropriate lease
fee for each wagon.
Background Rationale: The owners of each wagon would like
to lower the lease rate. Presently, the Lionshead wagon has
a 5 year lease with a total lease fee of $40,000, or $2,000
per quarter. The Town pays for the Lionshead wagon's
utilities (water and electricity). Staff is working with
the owner of the Village wagon on a lease agreement.
, Applicants are Ila Buckley, Ross Davis, Dan Mulrooney and
Carl Deitz.
Staff Recommendation: The recommendation is a lease rate of
$2 per sq. ft. per month or $24 per sq. ft. per year for
each wagon. This will lower the annual amount from $8,000
to $5,760. A slight difference in the rate for the two
wagons may be warranted given the fact that the owner of the
Village wagon pays all her own utilities.
3:40 8. Alpine Garden Demonstration Area Final Design
Kristan Pritz
Action Requested of Council: Review the final design.
Background Rationale: The Vail Valley Foundation is
allowing the Alpine Garden to create 2 demonstration areas
in planting areas that were originally proposed to be
planted by the Foundation. The demonstration areas have
been approved by the DRB. The Foundation has agreed in a
letter that they are ultimately responsible for maintaining
the planter. _
Staff Recommendation: Approve the design.
3:45 9. Update on Public Arts Forum Project
Kristan Pritz
Action Requested of Council: Discuss and comment.
-2-
Background Rationale: Staff wants to keep the Council
abreast of the work proposed for the Arts Forum.
3:50 10. Clean Up Day - May 9
3:55 11. Information Update
Ron Phillips
4:00 12. Other
-3-
D24783
04/28/87
F
ORDINANCE NO. 13
SERIES OF 1987
AN ORDINANCE AUTHORIZING THE ISSUANCE OF TOWN
OF VAIL, COLORADO, WEST VAIL LOCAL
IMPROVEMENT DISTRICT NO. 1, SPECIAL
ASSESSMENT BONDS, DATED JUNE 1, 1987, IN THE
AGGREGATE PRINCIPAL AMOUNT OF $525,000, FOR
THE PURPOSE OF PAYING A PORTION OF THE COST
OF CONSTRUCTING AND INSTALLING IMPROVEMENTS
THEREIN; PRESCRIBING THE FORM OF THE BONDS;
'PROVIDING FOR THE PAYMENT OE THE BONDS AND
- THE INTEREST THEREON; AND MAKING PROVISION
FOR OTHER MATTERS RELATING THERETO.
WHEREAS, the Town Council (the "Council") of the Town
of Vail, Colorado (the "Town"), has by Ordinance No. 10, Series
of 1987, created Town of Vail, Colorado, West Vail Local
Improvement District No. 1(the "District") for the purpose of
constructing and installing certain improvements to streets in
the District, including, but not limited to, preparation and
paving, drainage, lighting and safety, and improvements to the
sanitary sewer system in the District, including, but not limited
to, a new sewer main (collectively, the "Improvements") all in
accordance with the Charter of the Town (the "Charter") and
Chapter 20.04 of the Vail Code (the "Code"); and
WHEREAS, pursuant to Ordinance No. 10, Series of 1987,
the Council approved the plans for and authorized and ordered the
construction and installation of the Improvements as shown by
preliminary plans approved by the Council; and
WHEREAS, the Town Manager has submitted to the Council
estimates of the total cost of constructing and installing the
Improvements, including engineering, legal and incidental costs,
and the Town has entered into certain contracts for the
construction and installation of the Improvements; and
WHEREAS, the construction and installation of the
Improvements in the District will confer general benefits on the
Town and special benefits on the assessable property within the
District; and
WHEREAS, the Council has determined that the portion of
the cost of construction and installation of the Improvements to
be assessed against the property within the District will not .
exceed $525,000 and that special assessment bonds of the Town for
the District should be issued in said amount; and
WHEREAS, the Town has agreed to make a cash
contribution for the balance of the cost of construction and
installation of the Improvements; and
WHEREAS, Kirchner Moore & Company, Denver, Colorado
(the "Purchaser") has offered to purchase said bonds at a net
effective interest rate not exceeding 8.5% per annum; and
" WHEREAS, it is necessary to authorize the issuance of
said bonds and to provide for the repayment thereof.
BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL,
COLORADO,• AS FOLLOWS:
Section 1. Approval of Cost Estimates. The estimates
of the cost of constructing and installing the Improvements
submitted to the Council by the Town Manager are hereby approved.
Section 2. Sale of Bonds. The Town and the Purchaser
have entered into a Purchase Agreement, dated May 19, 1987, for
the sale and purchase of the Bonds as hereinafter defined. The
Purchase Agreement is hereby ratified, approved and confirmed.
Section 3. Authorization and Description of Bonds.
For the purpose of paying a portion of the cost of constructing
and installing the Improvements and the costs incidental thereto
as permitted by the Charter and the Code, the Town shall issue
its Town of Vail, Colorado, West Vail Local Improvement District
No. 1, 5pecial Assessment Bonds, dated June 1, 1987, in the
aggregate principal amount of $525,000 (the "Bonds").
The Bonds shall be issued in fully registered form in
the denomination of $5,000 each, consisting of 105 Bonds,
numbered consecutively from 1 to 105, inclusive. The Bonds shall
mature on October 1, 1997, and shall bear interest as herein set
forth. Pursuant to the recommendations of the Committee on
Uniform Security Identification Procedures, CUSIP numbers may be
printed on the Bonds.
The following numbered Bonds in the following principal
amounts shall bear per annum interest from June 1, 1987, to
October 1, 1997, except if redeemed prior thereto, at the
following interest rates:
. D24783 2 04/28/87
Bonds Numbered Principal Per Annum
(both inclusive) Amounts Interest Rates
1 to 7 $ 35,000 %
8 to 15 40,000
16 to 23 40,000
24 to 32 45,000
33 to_ 42 50,000
43°to 53 55,000
54 to 65 60,000
66 to 77 60,000
78 to 91 70,000
92 to •105 70,000
Said interest shall be payable October 1, 1987, and semiannually
thereafter on the lst day of April and the lst day of October of
each year. If upon presentation at maturity the principal of any
Bond is not paid as provided herein, interest shall continue
thereon at the same interest rate until the principal thereof is
paid in full.
Section 3. Maximum Net Effective Interest Rate. The
maximum net effective interest rate for the Bonds is 8.5%. The
actual net effective interest rate for the Bonds is
Section 4. Payment of Principal and Interest. The
principal of and interest on the Bonds shall be payable in lawful
money of the United States of America to the registered owners of
the Bonds by Central Bank of Denver, Denver, Colorado, or its
successors, as paying agent (the "Paying Agent"). The principal
of and the final interest payment due on the Bonds shall be
payable to the registered owner of each Bond upon presentation
and surrender thereof at maturity or upon prior redemption.
Except as hereinbefore and hereinafter provided, the interest
shall be payable to the registered owner of each Bond determined
as of the close of business on the regular record date, which
shall be the fifteenth (15th) day of the calendar month next
preceding the interest payment date, irrespective of any transfer
of ownership of the Bond subsequent to the regular record date
and prior to such interest payment date, by check or draft mailed
to such registered owner at the address appearing on the
registration books of the Town maintained by Central Bank of
Denver, Denver, Colorado, or its successors, as registrar (the
"Registrar"). Any interest not paid when due and any interest
accruing after maturity shall be payable to the registered owner
of each Bond entitled to receive such interest determined as of
the close of business on the special record date, which shall be
fixed by the Paying Agent for such purpose, irrespective of any
transfer of ownership of the Bond subsequent to such special
record date and prior to the date fixed by the Paying Agent for -
the payment of such interest, by check or draft mailed as
D24783 3 04/28/87
aforesaid. Notice of the special record date and of the date
fixed for the payment of such interest shall be given by sending
a copy thereof by certified or registered first-class postage
prepaid mail, at least ten (10) days prior to the special record
date, to the Purchaser and to the registered owner of each Bond
upon which interest will be paid determined as of the close of
business on the day preceding such mailing, at the address
appearing on the registration books of the Town maintained by the
Registrar.
Section 5. Redemption of Bonds. The Bonds shall be
subject to redemption prior to maturity at the option of the Town
on any interest payment date, in regular numerical order, at a
price equal to the principal amount of each Bond so redeemed plus
accrued interest thereon to the redemption date; provided,
however, that whenever on any interest payment date there exist
in the Town of Vail, Colorado, West Vail Local Improvement
District No. 1, Special Assessment Bonds, Bond and Interest Fund
(the "Bond Fund") hereinafter described, sufficient funds derived
from special assessments exceeding six months' interest on the
unpaid principal of the Bonds then outstanding, the Town shall
exercise its option to redeem the Bonds to the extent possible.
The Bonds shall be redeemed only from moneys pledged to the
payment thereof and not from the proceeds of other obligations of
the Town.
Notice of redemption shall be given by the Paying Agent
in the name of the Town by sending a copy thereof by certified or
registered first-class postage prepaid mail, at least thirty (30)
days but not more than sixty (60) days prior to the designated
redemption date, to the Purchaser and to the registered owner of
each of the Bonds being redeemed, determined as of the close of
business on the date preceding the mailing of such notice, at the
address appearing on the registration books of the Town
maintained by the Registrar. Such notice shall specify the
number of the Bonds to be redeemed and the date fixed for
redemption and shall further state that on the redemption date
there will be due and payable upon each Bond so to be redeemed
the principal amount thereof plus accrued interest thereon to the
redemption date, and that from and after such date interest will
cease to accrue. Failure to mail any notice as aforesaid or any
defect in any notice so mailed with respect to any Bond shall not
affect the validity of the redemption proceedings with respect to
any other Bond. Any Bonds redeemed prior to maturity by call for
prior redemption or otherwise shall not be reissued and shall be
cancelled the same as Bonds paid at or after maturity.
Section 6. Execution and Authentication of Bonds. The
Bonds shall be signed by and on behalf of the Town with the
facsimile signature of the Mayor, shall bear a facsimile of the
seal of the Town, shall be signed and attested with the facsimile
D24783 4 04/28/87
signature of the Town Clerk, and shall be authenticated by the
manual signature of a duly authorized officer of the Registrar.
Should any officer whose facsimile signature appears on the Bonds
cease to be such officer before issuance or authentication of any
Bond, such facsimile signature shall nevertheless be valid and
sufficient for all purposes.
_ No Bond shall be valid or become obligatory for any
purpose or be entitled to any security or benefit under this
Ordinance unless and until the certificate of authentication on
such Bond shall have been duly executed by the Registrar, and
such executed certificate upon any such Bond shall be conclusive
evidence•-that such Bond has been authenticated and delivered
, under this Ordinance. The certificate of authentication on any
Bond shall be deemed to have been duly executed by the Registrar
if signed by an authorized officer or signatory thereof, but it
shall not be necessary that the same officer or signatory sign
the certificate of authentication on all of the Bonds.
Section 7. Registration and Transfer of Bonds. Upon
their execution and authentication and prior to their delivery,
the Bonds shall be registered for the purpose of payment of
principal and interest with the Registrar. Thereafter, the Bonds
shall be transferable only upon the registration books of the
Town maintained by the Registrar, by Central Bank of Denver,
Denver, Colorado, or its successors, as transfer agent (the
"Transfer Agent") at the request of the registered owner thereof
or his, her or its duly authorized attorney- in- fact or legal
representative. The Registrar or the Transfer Agent shall accept
a Bond for registration or transfer only if the registered owner
is to be an individual, a corporation, a partnership, or a trust.
A Bond may be transferred upon surrender thereof together with a
written instrument of transfer duly executed by the registered
owner or his, her or its duly authorized attorney-in-fact or
legal representative with guaranty of signature satisfactory to
the Transfer Agent, containing written instructions as to the
details of the transfer, along with the social security number or
federal employer identification number of the transferee and, if
the transferee is a trust, the names and social security numbers
of the settlor and the beneficiary of the trust. Transfers shall
be made at the expense of the transferor, and the Transfer Agent
may also require payment of a sum sufficient to defray any tax or
other governmental charge that may hereafter be imposed in
connection with any transfer of Bonds. No registration or
transfer of any Bond shall be effective until entered on the
_ registration books of the Town maintained by the Registrar and
Transfer Agent. Concurrently with the entry of the required information on the registration books the Registrar and Transfer Agent shall enter the required information on the registration
panel pertaining to each Bond. The Transfer Agent shall not be
required to transfer ownership of any Bond during the fifteen
D24783 5 04/28/87
(15) days prior to any interest payment date nor the fifteen (15)
days prior to the mailing of any notice of redemption nor to
transfer ownership of any Bond selected for redemption on or
after the date of such mailing. The Town may deem and treat the
person in whose name any Bond is last registered upon the books
of the Town maintained by the Registrar as the absolute owner
thereof for the purpose of receiving payment of the principal of
and interest on such Bond and for all other purposes, and all
such payments so made to such person or upon his, her or its
order shall be valid and effective to satisfy and discharge the
liability of the Town upon such Bond to the extent of the sum or
sums so paid, and the Town shall not be affected by any notice to
the contrary.
Section 8. Form of Bonds. The Bonds and the
registration panels pertaining thereto and the form of assignment
to be used for transfers of the Bonds shall be in substantially
the following form:
D24783 6 04/28/87
[Form of Bond]
(Text of Face)
UNITED STATES OF AMERICA
5TATE OF COLORADO COUNTY OF EAGLE
~ TOWN OF VAIL
WEST VAIL LOCAL IMPROVEMENT DISTRICT NO. 1
SPECIAL ASSESSMENT BOND
No. R- ' $5,000
Interest Maturity CUSIP
Rate Date Dated Number
% October 1,1997 June 1, 1987
The Town of Vai 1( the "Town" in the County of Eagle
and State of Colorado, for value received, hereby promises to pay
to the Registered Owner hereof whose name, address and
identification number appear on the registration panel attached
hereto, solely out of the special funds hereinafter described but
not otherwise, the Principal Sum of
FIVE THOUSAND DOLLARS
in lawful money of the United States of America, on the Maturity
Date (specified above), with interest thereon from the date
hereof to the Maturity Date, except if redeemed prior thereto, at
the per annum Interest Rate (specified above), payable
semiannually on the lst day of April and the lst day of October
of each year, commencing on October 1, 1987, all in the manner
provided herein. If upon presentation at maturity payment of the
Pxincipal Sum of this Bond is not made as provided herein,
interest continues at the Interest Rate until the Principal Sum
i s paid in full.
This Bond is one of a series which is subject to
redemption prior to its Maturity Date at the option of the Town
on any interest payment date, in regular numerical order, at a
price equal to the principal amount thereof plus accrued interest
thereon to the redemption date; provided, however, that whenever
on any interest payment date there exist in the Town of Vail,
Colorado, West Vail Local Improvement District No. 1, Special
D24783 7 04/28/87
Assessment Bonds, Bond and Interest Fund hereinafter described,
sufficient funds derived from special assessments exceeding six
months' interest on the unpaid principal of the Bonds of this
issue then outstanding, the Town is obligated to exercise its
option to redeem such Bonds to the extent possible. This Bond
may be redeemed only from moneys pledged to the payment hereof
and not from the proceeds of any other obligation of the Town.
m Notice of redemption of any Bonds is to be given by the
paying agent in the name of the Town by sending a copy of such
notice by certified or registered first-class postage prepaid
mail, at least thirty (30) days but not more than sixty (60) days
prior to, the designated redemption date, to Kirchner Moore &
. Company, Denver, Colorado, and to the registered owner of each of
the Bonds being redeemed, determined as of the close of business
on the day preceding the mailing of such notice, at the address
appearing on the registration books of the Town maintained by ttie
registrar. Such notice is to specify the number of the Bonds to
be redeemed and the date fixed for redemption and is further to
state that on the redemption date there will be due and payable
upon each Bond so to be redeemed the principal amount thereof
plus accrued interest thereon to the redemption date, and that
from and after such date interest will cease to accrue. Failure
to mail any notice as aforesaid or any defect in any notice so
mailed with respect to any Bond does not affect the validity of
the redemption proceedings with respect to any other Bond.
REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF
THI5 BOND SET FORTH ON THE REVERSE HEREOF.
This Bond is not and shall not be considered or taken
to be a general obligation or indebtedness of the Town within the
meaning of any requirement or limitation imposed by law.
This Bond shall not be valid or become obligatory for
any purpose or be entitled to any security or benefit under thn
Ordinance authorizing the issuance of this Bond until the
certificate of authentication hereon shall have been signed by
the registrar.
IN WITNESS WHEREOF, the Town of Vail, Colorado, has
caused this Bond to be signed in its name and on its behalf with
the facsimile signature of the Mayor of the Town, to be sealed
D24783 8 04/28/87
with a facsimile seal of its seal, and to be signed and attested
with the facsimile signature of its Town Clerk.
TOWN OF VAIL, COLORADO
(FAC5IMILE) By: (Facsimile SiQnature)
( SEAL ) Mayor
ATTEST:
(Facsimile Siqnature)
Town Clerk
D24783 9 04/28/87
CERTIFICATE OF AUTHENTICATION
This Bond is one of the series issued pursuant to the
Ordinance therein described. Printed on the reverse hereof is
the complete text of the opinion of bond counsel, Ballard, Spahr,
Andrews & Ingersoll, Denver, Colorado, a signed copy of which,
dated the date of original issuance of the Bonds therein
described, is on file with the undersigned.
Central Bank of Denver
a banking corporation
as Registrar
By: (Manual Signature)
Authorized Officer
DATED:
D24783 10 04/28/87
(Text of Reverse)
The principal of and interest on this Bond are payable
to the Registered Owner hereof by Central Bank of Denver, Denver,
Colorado, or its successors, as paying agent. The principal of
and the final interest payment due on this Bond are payable to
the Registered Owner hereof upon presentation and surrender of
this Bond at maturity or upon prior redemption. Except as
hereinbefore and hereinafter provided, the interest is payable to
the Registered Owner hereof determined as of the close of
business on the regular record date, which is to be the fifteenth
(15th) day of the calendar month 'next preceding the interest
payment date, irrespective of any transfer of ownership hereof
subsequent to the regular record date and prior to such interest
payment date, by check or draft mailed to the Reqistered Owner at
the address appearing on the registration books of the Town
maintained by Central Bank of Denver, Denver, Colorado, or its
successors, as registrar. Any interest hereon not paid when due
and any interest hereon accruing after maturity is payable to the
Registered Owner of this Bond determined as of the close of
business on the special record date, which is to be fixed by the
paying agent for such purpose, irrespective of any transfer of
ownership of this Bond subsequent to such special record date and
prior to the date fixed by the paying agent for the payment of
such interest, by check or draft mailed as aforesaid. Notice of
the special record date and of the date fixed for the payment of
such interest is to be given by sending a copy thereof by
certified or registered first-class postage prepaid mail, at
least ten (10) days prior to the special record date, to Kirchner
Moore & Company, Denver, Colorado, and to the registered owner of
each Bond upon which interest will be paid determined as of the
close of business on the day preceding such mailing, at the
address appearing on the registration books of the Town
maintained by the registrar.
This Bond is one of a series of special assessment
bonds in the aggregate principal amount of $525,000 (the "Bonds")
issued for the purpose of defraying the costs of constructing and
installing certain improvements to streets, including, but not
limited to, preparation and paving, drainage, lighting and
safety, and improvements to the sanitary system, including, but
not limited to, a new sewer main in and for Town of Vail,
Colorado, West Vail Local Improvement District No. 1, by virtue
of and in full conformity with the Constitution of the State of
Colorado, the home rule Charter of the Town and Chapter 20.04 of
the Code of the Town, and pursuant to and under the authority of
an Ordinance of the Town Council duly adopted prior to the
issuance of this Bond. It is hereby recited, certified and
warranted that all the requirements of law have been fully
complied with by the proper officers of the Town in issuing this
Bond.
D24783 11 04/28/87
This Bond and the interest hereon are payable solely
from, and as security for such payment there is exclusively
pledged, a special fund designated as the Town of Vail, Colorado,
West Vail Local Improvement District No. 1, Special Assessment
Bonds, Bond and Interest Fund (the "Bond Fund"), into which there
has been initially deposited accrued interest and capitalized
interest on the Bonds and any proceeds of the Bonds remaining in
the Town of Vail, Colorado, West Vail Local Improvement District
No. 1- Construction Fund after the cost "of the aforesaid
improvements has been paid in full and into which there is
thereafter to be deposited moneys collected on account of
assessments hereafter to be levied against the property within
Town of "Vail, Colorado, West Vail Local Improvement District
No. 1 and specially benefited by the construction and
installation of the improvements therein.
Bonds of this issue, together with any bonds of other
special or local improvement districts of the Town are
additionally secured by moneys deposited in the special Surplus
and Deficiency Fund of the Town. Whenever there is a deficiency
in the Bond Fund for the payment of principal of or interest on
this Bond, the deficiency is to be paid by transferring moneys
from the special Surplus and Deficiency Fund to the Bond Fund.
The Ordinance authorizing the issuance of this Bond provides that
whenever three-fourths (3/4) of the Bonds of this issue have been
paid and cancelled and for any reason the remaining assessments
are not paid in time to redeem the remaining Bonds and to pay the
interest thereon, and there are not sufficient funds in the
special Surplus and Deficiency Fund to do so, then the Town shall
pay the remaining Bonds when due and the interest thereon and
reimburse itself by collecting the unpaid assessments due.
The Town covenants with the Registered Owner of this
Bond that it will levy and collect the assessments against the
property specially benefited and deposit the same into the Bond
Fund and that it will diligently enforce the lien of any unpaid
assessment against the property charged therewith. The Town
further covenants with the Registered Owner of this Bond that it
will keep and perform all of the covenants of this Bond and of
the Ordinance authorizing the issuance hereof. Reference is
hereby made to said Ordinance for a description of the
provisions, terms, and conditions upon which this Bond is issued
and secured, including, without limitation, the nature and extent
of the security for this Bond, the collection and disposition of
the special assessments and moneys charged with and pledged to
the payment of this Bond, the special funds referred to above,
and the nature and extent of the security and pledge afforded .
thereby for the payment of this Bond, the rights, duties and
obligations of the Town and its Council, and the rights and
remedies of the Registered Owner of this Bond. D24783 12 04/28/87
It is hereby recited, certified and warranted that the
total issue of Bonds of the Town for Town of Vail, Colorado, West
Vail Local Improvement District No. 1, including this Bond, does
not exceed any limitation imposed by law; that every requirement
of law relating to the creation of said District, the
construction and installation of the aforesaid improvements, the
preparation for levying of the aforesaid assessments, and the
issuance-of this Bond has been fully complied with by the proper
officers of the Town; that all acts, conditions and things
required by law to be done precedent to and in the issuance of
this Bond have been properly done; and that this Bond does not
contravene any constitutional or statutory provision of the State
of Colorado or provision of the home rule Charter or ordinances
of the Town.
For the payment of this Bond and the interest hereon,
the Town pledges the exercise of all of its lawful corporate
powers.
This Bond is transferable only upon the registration
books of the Town maintained by the registrar, by Central Bank of
Denver, Denver, Colorado, or its successors, as transfer agent,
at the request of the Registered Owner or his, her or its duly
authorized attorney-in-fact or legal representative, upon
surrender hereof with a written instrument of transfer duly
executed by the Registered Owner or his, her or its duly
authorized attorney-in-fact or legal representative with guaranty
of signature satisfactory to the transfer agent, containing
written instructions as to the details of the transfer, along
with the social security number or federal employer
identification number of the transferee and, if the transferee is
a trust, the names and social security numbers of the settlor and
beneficiary of the trust. Transfers are to be made at the
expense of the transferor, and the transfer agent may also
require payment of a sum sufficient to defray any tax or other
governmental charge that may hereafter be imposed in connection
with any transfer of Bonds. No registration or transfer of this
Bond shall be effective until entered on the registration books
of the Town maintained by the registrar. Upon such transfer the
registrar will enter the date of registration and the name,
address, and social security number or federal identification
number of the new registered owner of this Bond on the
registration panel attached hereto. The transfer agent is not
required to transfer ownership of this Bond during the fifteen
(15) days prior to any interest payment date nor the fifteen (15)
days prior to the mailing of any notice of redemption or to
transfer ownership of any Bond selected for redemption on or
after the date of such mailing. The Town may deem and treat the
person in whose name this Bond is last registered upon the books
of the Town maintained by the registrar as the absolute owner hereof for the purpose of receiving payment of the principal of
D24783 13 04/28/87
and interest on this Bond and for all other purposes, and all
such payments so made to such person or upon his order will be
valid and effective to satisfy and discharge the liability of the
Town upon this Bond to the extent of the sum or sums so paid, and
the Town will not be affected by any notice to the contrary.
D24783 14 04/28/87
' (Registration Panel)
This Bond is registered in the principal corporate
trust offices of Central Bank of Denver, Denver, Colorado, or its
successors, as registrar, in the name of the owner listed below,
and the principal of and interest on this Bond shall be payable
only to such owner.
~ Signature of
Name, Address, and of Authorized
Date of Identification Number of Officer
Registration Registered Owner of Registrar
D24783 15 04/28/87
(Assignment)
A5SIGNMENT
FOR VALUE RECEIVED, the undersigned sells, assigns and
transfers unto
PLEASE INSERT SOCIAL SECURITY OR
OTHER IDENTIFYING NUMBER OF ASSIGNEE
(Name and Address of Assignee)
the attached Bond and does hereby irrevocably constitute and
appoint Central Bank of Denver, Denver, Colorado, or its
successors, as transfer agent, to transfer said Bond on the books
kept for registration thereof.
Dated:
Signature guaranteed:
(Bank, Trust Company or Firm)
NOTICE: The signature to this
assignment must correspond
with the name of the
Registered Owner as it appears
upon the registration panel of
the attached Bond in every
particular without alteration
or enlargement or any change
whatever.
Transfer Fee Required
[End of Form of Bond] .
D24783 16 04/28/87
' Section 9. Delivery of Bonds; Application of Proceeds;
Construction Eund. The Bonds, when executed, authenticated and
registered as provided by law, shall be delivered by the Town to
the Purchaser upon receiving full payment therefor. The proceeds
of the Bonds, excluding accrued interest and capitalized
interest, shall be deposited into and there is hereby created the
Town of Vail, Colorado, West Vail Local Improvement District
No. 1 Construction Fund (the "Construction Fund"), and used only
to pay the costs and expenses of constructing and installing the
Improvements and costs and expenses incidental thereto. The
proceeds derived from the Bond sale shall be used for the
purposes stated herein and for no other purposes, provided,
however, that any portion of the Bond proceeds may be temporarily
invested pending such use, with such temporary investment to be
made consistent with the covenant hereinafter made concerning
arbitrage bonds. Neither the Purchaser nor the registered owner
of any Bond shall be in any way responsible for the application
of the proceeds of the Bonds by the Town or any of its officers.
Section 10. Bond Fund. The Bonds and the interest
thereon shall be payable solely from, and there is hereby
created, the Town of Vail, Colorado, West Vail Local Improvement
District No. 1, Special Assessment Bonds, Bond and Interest Fund
(the "Bond Fund"), into which there shall initially be deposited
accrued interest and capitalized interest on the Bonds and any
proceeds of the Bonds remaining in the Construction Fund after
the cost of the Improvements has been paid in full and into which
there shall thereafter be deposited all moneys collected on
account of assessments to be- levied against the property within
the District and specially benefited by the construction and
installation of the Improvements therein. The moneys in the Bond
Fund shall be used for the purpose of paying the principal of and
interest on the Bonds and for no other purpose whatsoever until
the Bonds, both principal and interest, have been fully paid and
discharged, and as security for such payment the Bond Fund is
hereby exclusively pledged.
Section 11. Surplus and Deficiency Fund. In the event
that less than all the moneys in the Bond Fund are expended to
pay and discharge the principal of and interest on all of the
Bonds, any remaining sums shall be transferred upon the payment
of all of the Bonds to the Special and Local Improvement District
Surplus and Deficiency Fund (the "Surplus and Deficiency Fund").
The Bonds, together with any bonds of other special or local
improvement districts of the Town, shall be additionally secured
by moneys deposited in the Surplus and Deficiency Fund, the
Surplus and Deficiency Fund to consist of moneys remaining to the
credit of any special or local improvement districts now existing
or hereafter created, the bonds of which have been paid in full,
both principal and interest. Whenever there is a deficiency in
D24783 17 04/28/87
the Bond Fund for the payment of principal of or interest on the
Bonds, the deficiency shall be paid by transferring moneys from
the Surplus and Deficiency Fund to the Bond Fund. In the event
that such a deficiency cannot be so paid, the Council may, in
consideration of general benefits conferred upon the Town at
large from the construction and installation of the Improvements,
levy taxes on all taxable property within the Town at a rate to
be determined by the Council, or in lieu of such action transfer
other-available funds of the Town, for the purpose of advancing
moneys to pay such deficiencies. The proceeds of such taxes or
such other available funds shall be placed in the Surplus and
Deficiency Fund and disbursed only for the purposes herein
specified. Whenever three-fourths (3/4) of the Bonds have been
. paid and cancelled and for any reason the remaining assessments
are not paid in time to redeem the remaining Bonds and to pay the
interest thereon, and there are not sufficient funds in the
Surplus and Deficiency Fund to do so, then the Town shall pay the
remaining Bonds when due and the interest thereon and reimburse
itself by collecting the unpaid assessments due. The obligations
created by the payment provisions herein shall not be construed
or held to make the Bonds general obligations of the Town and the
registered owners of the Bonds shall have no claim on any general
or other fund for the payment thereof, except as herein provided.
Section 12. Tax Matters. The Town covenants with the
owners of the Bonds that it will make no investment or other use
of the proceeds of the Bonds at any time during the term thereof
which, if such investment or other use had been reasonably
expected on the date the Bonds are issued, would have caused the
Bonds to be arbitrage bonds within the meaning of Section 103 of
the Internal Revenue Code of 1986, as amended (the "Code"), and
the regulations promulgated thereunder and that the Town will
comply with the requirements of such Section and regulations
throughout the term of the Bonds.
The Town hereby designates the Bonds as "qualified
tax-exempt obligations" under Section 265(b)(3) of the Code.
Section 13. Assessments. The Council shall cause the
assessments to be levied and collected as provided by law for the
benefit of the registered owners of the Bonds. All assessments
made, together with all interest thereon and penalties for
default in payment thereof, shall be a lien in the several
amounts assessed against each property from the effective date of
the assessing ordinance and shall be a prior and superior lien
over all other liens excepting general tax liens and assessment
liens previously levied; provided, however, that no lien shall
attach to any tract of land so assessed which is owned by the State of Colorado, or any agency or instrumentality thereof, or
any county, municipality, school district, special or ,
D24783 18 04/28/87
quasimunicipal district, other political subdivision or private
corporation operating a public utility. The Council will further
cause the lien of any unpaid assessment to be diligently enforced
against the property charged therewith.
Section 14. Bookkeeping and Records. So long as any
of_ the Bonds remain outstanding, the Town will keep or cause to
be kept..by Eagle County, Colorado, true and accurate books of
records and accounts showing full and true entries covering the
collection and disposition of the assessments and any
delinquencies in the collection thereof, covering deposits and
disbursements in each of the special funds herein described,
covering 'the payment of the Bonds, both principal and interest,
- and covering disbursements to defray the costs and expenses of
the Improvements. The Town will permit inspection and
examination of all such books and notices maintained or received
by the Town at any reasonable time by the Purchaser or the
registered owner of any Bond.
Section 15. Rights and Remedies. The registered owner
of any Bond shall have the right and power for the equal benefit
and protection of all registered owners of Bonds similarly
situated:
a. By mandatory injunction or other suit,
action, or proceeding at law or in equity to enforce his
rights against the Town and to require and compel the Town
to perform and carry out its duties, obligations, or other
commitments under this Ordinance and under its covenants and
agreements with the registered owners of the Bonds;
b. By action or by suit in equity to require the
Town to account as if it were the trustee of an express
trust;
c. By action or by suit in equity to have
appointed a receiver, which receiver may take possession of
any accounts and may collect, receive, and apply all
revenues or other moneys pledged for the payment of the
Bonds in the same manner as the Town itself might do;
d. By action or by suit in equity to enjoin any
acts or things which might be unlawful or might be in
violation of the rights of the registered owners of the
Bonds; and
e. To bring suit upon the Bonds.
No right or remedy conferred by this Ordinance upon the
registered owner of any Bond or any trustee therefor is intended .
to be exclusive of any other right or remedy, but each such right
D24783 19 04/28/87
or remedy is cumulative and is in addition to every other right
or remedy and may be exercised without exhausting and without
regard to any other remedy conferred by this Ordinance or by any
other law. The failure of the registered owner of any Bond so to
proceed as provided herein shall not relieve the Town of any
obligation to perform or to carry out any duty, obligation, or
other commitment.
" Section 16. Lost, Destroved or Wronqfullv Taken Bonds.
If any outstanding Bonds shall become lost, apparently destroyed
or wrongfully taken, it may be reissued in the form and tenor of
the lost, destroyed or taken Bond upon the owner furnishing, to
the satisfaction of the Council: (a) proof of ownership, (b)
- proof of loss or destruction, (c) a surety bond in twice the
amount of the Bond in question and (d) payment of the cost of
preparing and issuing the new Bond.
Section 17. Ratification of Actions. All actions
heretofore taken by the Town and by the officers of the Town not
inconsistent herewith directed toward the creation of the
District, the construction and installation of the Improvements
and the authorization, issuance and sale of the Bonds are hereby
ratified, approved and confirmed.
Section 18. Facsimile Siqnatures. Pursuant to the
Uniform Facsimile Signature of Public Officials Act, part 1 of
article 55 of title 11, Colorado Revised Statutes, as amended,
the Mayor and the Town Clerk shall forthwith, and in any event
prior to the time the Bonds are delivered to the Purchaser, file
with the Colorado Secretary of State their manual signatures
certified by them under oath.
Section 19. Authorized Acts. The officers of the Town
are hereby authorized and directed to enter into such agreements
and take all action necessary or appropriate to effectuate the
provisions of this. Ordinance and to comply with the requirements
of law, including, without limiting the generality of the
foregoing:
a. The printing of the Bonds herein authorized,
including the printing upon each of the Bonds a copy of the
approving legal opinion of Ballard, Spahr, Andrews &
Ingersoll, bond counsel; and
b. The execution of such certificates as may be
reasonably required by the Purchaser of the Bonds relating
to the signing of the Bonds, the tenure and identity of the .
Town officials, if in accordance with the facts, the absence
of litigation, pending or threatened, affecting the validity
of the Bonds, and the exemption from federal income taxation
of the interest on the Bonds and receipt of the Bond
purchase price; and
D24783 20 04/28/87
~
c. The making of various statements, recitals,
certifications and warranties provided in the form of Bond
set forth in this Ordinance; and
d. The payment of the interest on the Bonds as
the same shall become due and the principal of the Bonds at
maturity or upon prior redemption without further warrant or
order.
Section 20. Repealer of Measures. All ordinances,
resolutions, acts, orders, or parts thereof, of the Town and in
conflict with this Ordinance are hereby repealed, except that
this repealer shall not be construed so as to revive any
. ordinance, resolution, act, order, or part thereof heretofore
repealed.
Section 21. Ordinance Irrepealable. This Ordinance
is, and shall constitute, a legislative measure of the Town, and
after the Bonds hereby authorized are issued, sold, and are
outstanding, this Ordinance shall constitute a contract between
the Town and the registered owner or owners of the Bonds, and
shall be and remain irrepealable until the Bonds and the interest
accruing thereon shall have been fully paid, satisfied and
discharged.
Section 22. Severabilitv. If any paragraph, clause or
provision of this Ordinance is judicially adjudged invalid or
unenforceable, such judgment shall not affect, impair or
invalidate the remaining paragraphs, clauses or provisions
hereof, the intention being that the various paragraphs, clauses
or provisions hereof are severable.
Section 23. Recording; Effective Date. This
Ordinance, after its final passage, shall be recorded in a book
kept for that purpose, shall be authenticated by the signatures
of the Mayor and the Town Clerk, shall be published as provided
in the Charter of the Town and shall take effect five (5) days
after publication following final passage.
Section 24. Public Hearinq. A public hearing on this
Ordinance will be held at the Vail Municipal Building in Vail,
Colorado, on Tuesday, May 19, 1987, at 7:30 p.m. and notice of
such hearing is authorized to be given by publication once in The
Vail Trail on May 8, 1987.
D24783 21 04/28/87
INTRODUCED, READ, APPROVED ON FIRST READING, AND
ORDERED PUBLISHED ONCE IN FULL this 5th day of May, 1987.
TOWN OF VAIL, COLORADO
By:
(TOWN) Mayor
(SEAL) ATTEST:
Town Clerk
D24783 22 04/28/87
48~i
ow75 south frontage road
vail, colorado 81657
(303) 476-7000
MEMORANDUM
TO: Ron Phillips
FROM: Steve Barwick
DATE: May 1, 1987
RE: 1986 Fiscal Year End Report
1986 turned out to be an excellent financial year for the Town of
Vail. During the 1986 budget process the Town was faced with a
major uncertainty in the availability and price of its insurance
along with the normal uncertainties in weather, skier visits,
sales tax growth, building activity and utility costs.
Fortunately, with the single exception of sales tax growth, all of
these factors turned out quite well for the Town and resulted in
fund balance increases.
The most significant financial result of the year was an increase
in the General Fund balance from $846,671 to $1,651,918, an
increase of $805,247! This growth took place primarily due to
higher than expected building revenues, savings in insurance, fuel
and heating costs, consolidation of funds and the conservative
approach to both revenue and expense forecasting used in the
original budget process.
The Capital Projects Fund also enjoyed an increase in fund balance
from $380,028 to $469,991. More importantly, the Town was able to
accomplish most of its capital maintenance and construction goals
including expanded road and street maintenance, acquisition of a
Town Manager's residence, installation of a new computer system
and installation of a separate Vail Fire Department radio
frequency. Several authorized capital projects were not completed
in 1986 and must be treated as supplemental appropriations in
1987. A list of these projects totaling $127,100 is included on
page 5 of the attached report.
YEAR END REPORT
MAY l, 1987
PAGE 2
The Real Estate Transfer Tax Fund experienced an increase in fund
balance of $229,540. The fund balance now stands at $2,440,576
which leaves approximately $1.1 million available for property
acquisition and/or improvement.
The cumulative increase in fund balance for the Town amounted to
$1,059,397. The Town financial condition should now be considered
as excellent with reserve balances adequate to handle any
foreseeable short term problem.
The Town staff policy recommendations for minimum fund balances
will be brought to Council in the near future. These recommended
levels will based upon simulations of a variety of weather-related
disruptions to the Vail economy.
SHB/ds
cc: Town Council
Charlie Wick
TOWN OF VAIL
1986 FISCAL REPORT
May l, 1987
voclrLytiL
Revised: 4/30/1987 ,
STATEMENT OF CHANGES IN FUND BALANCE 1/1/86 - 12/31/86 .
REAL ESTATE SPEC. PARKING ; ~
' GENERAL CAPITAL TRANSFER ASSESSMENT
FUNDPROJECTS FUND TAX FUND FUND ; TOTAL ;
FUND BALANCE 1/1/86 846,671 380,028 2,211,036 124,397 ! 3,562,132 !
1986 Revenue
9,788,131 4,164,104 1,453,436 110,893 ; 15,516,564 ,
1986 Expenditures 9,039,774 4,126,018 1,223,896 67,479 ; 14,457,167 !
Gain/(Loss) 748,357 38,086 229,540 43,414 ; 1,059,397 ;
EQUITY TRANSFERS
f-+ Dobson Ice Arena Fund ( 30,085)
Recreation Programs Fund ( 9,200)
Transportation Center Fund 12,655
Computer ProJect Fund 3,999
Vail Muncpl. Bldg. Auth. Fund 49,860
Big Horn Assessment Fund 29,661
Recreation Amenities Fee Fund 51,877 ' '
UND BALANCE 12/31/86 1,651,918 469,991 2,440,576 167,811
; 4,730,296 ;
_
~
, .
• • • r i
xevisea: 4/29/1987
' TOWN OF VAIL "
1986 FISCAL YEAR
FINANCIAL REPORT
VARIANCE
ACCOUNT _________86_BUDGET 86 ACTUAL OVER/(UNDER) EXPLANATION
O1 GENERAL FUND REVENUE
O1 317 PROPERTY TAXES 1,387,100 1,459,270 72,170
01 318 SPEC OWNSHP TAXES 50,300 68,892 18,592
O1 320 RETAIL SALES TAX 4,052,055 3,956,960 ( 95,095)
O1 321 SKI LIFT TAX 535,000 596,335 61,335
O1 322 COUNTY SALES TAX 130,000 120,815 ( 9,185)
01 323 FRANCHISE FEE/PUB SERV. 33,500 23,026 ( 10,474)
01 324 FRANCHISE FEE/MTN. BELL 25,500 30,671 5,171
01 325 FRANCHISE FEE/HOLY CROSS 215,500 236,369 20,869
01 326 FRANCHISE FEE/CABLE TV 31,000 26,016 ( 4,984)
01 328 PENALTY AND INTEREST 7,000 6,954 ( 46)
Subtotal TAXES ° 6,466,955 6,525,308 58,353
01 330 RESTAURANT LICENSES 3,500 3,135 ( 365)
01 331 GEN BUSINESS LICENSES 67,700 66,800 ( 900) 01 332 LIQUOR LICENSES 6,200 5,441 ( 759)
01 333 CONTRACTORS LICENSES 22,500 21,110 ( 1,390) "
01 336 BUILDING PERMITS 49,500 114,213 64,713 Increased building activity
01 337 PLUMBING PERMITS 7,500 16,548 9,048 Increased building activity
01 338 MECHANICAL PERMITS 9,400 24,320 14,920 Increased building activity
. 01 339 ELECTRICAL PERMITS 16,200 29,876 13,676 Increased building activity
01 340 STREET CUT PERMITS 10,800 4,205 ( 6,595)
01 341 CLEANUP DEPOSITS 0 56,725 56,725 Forfeited de osits Prom I
01 342 CONDITIONAL USE PERMITS 7,000 7,898 898 P Past years
01 344 COM DEV APPLICATION FEES 800 1,142 342 "
01 345 POLICE ALARM LICENSE FEE 37,000 35,101 ( 1,899) '
01 346 DOG LICENSES 1,000 1,376 376
01 347 PARKING SIGN SALES 11000 721 ( 279)
r
Subtotal LICENSES & PERMITS 240,100 388,611 148,511
O1 352 CIGARETTE TAX 120,000 115,503 ( 4,497)
01 354 HIGHWAY USERS TAX 55,988 86,666 30,678 Increase in State
,
01 355 ADD MOTOR VEHICLE REG. 13,500 15,031 1,531 g$s tax
01 357 COUNTY ROAD & BRIDGE FUND 210,100 221,749 11,649
Subtotal INTERGOVERNMENTAL REVENUE 399,588 438,949 39,361
01 361 OUT OF DIST. FIRE RESP 25,000 18,433 ( 6,567) _
01 362 SNOW REMOVAL 5,000 10 ( 4,990)Shown under Contracted Mun. Serv.f ,
01 363 SPECIAL POLICE SERVICES 3,000 4,243 1,243 -
01 364 CONTRACTED MUN. SERVICES 198,200 172,274 ( 25,926)
O1 365 DISPATCHING 23,700 23,760 60
01 366 LIQUOR LIC HEARING FEES 6,500 10,624 4,124
01 367- PITKIN CREEK ADMIN REV. 3,500 1,500 ( 2,000)
01 368 ELEC. INSPECTION SERVICES 1,200 7,262 6,062
01 369 DESIGN REVIEW FEES 2,000 4,130 2,130
01 370 PLAN CHECK FEES 21,300 68,157 46,857 Increased building activity
O1 371 ZONING MAPS 700 1,638 938
O1 372 LIBRARY 1,000 ' 207 ( 793) O1 375 SYMPOSIUM 60,000 38,797 ( 21,203)
.
01 380 MANAGEMENT FEE/VMRD 45,600 45,450 "
( 150)
,
_
~ , . .......:,v~,.:a~
, Subtotal CHARGES FOR SERVICES 396,700 396,485 ( 215)
01 381 MUNICIPAL COURT REST. 2,000 17,564 15,564
01 382 COURT COST & E'EES 3,500 2,111 ( 1,389)
01 385 PARKING FINES 39,000 38,406 ( 594)
01 386 ANIMAL CONTROL FINES 1,500 1,300 ( 200) -
01 387 MOVING VIOLATION FINES 13,000 17,432 4,432 01 388 OTHER EINES 25,000 19,539 ( 5,461)
O1 389 TOWING 18,000 18,606 606
Subtotal FINES & FORFEITS 102,000 114,958 12,958
01 391 EARNINGS ON INVESTMENTS 60,000 105,547 45,547
01 392 RENTS FROM BUILDINGS 50,000 47,026 ( 2,974)
01 393 POLICE LOST AND FOUND 1,000 723 ( 277)
01 394 INS. CLAIMS PROCEEDS 25,000 20,437 ( 4,563)
01 395 MISC SALES/BOOKS/ETC. 13,000 12,834 ( 166)
01 396 EMPLOYEE DENTAL INS REV 2,500 2,330 ( 170)
01 397 TRANSFER FROM OTHER FUNDS 168,750 111,853 ( 56,897)VMBA trans. shown as equity trans.
01 398 FALLRIDGE BUS CONTRACT 3,750 3,750 p
O1 399 MISCELLANEOUS 30,000 65,197 35,197
Subtotal OTHER 354,000 369,697 15,697
TRANSPORTATION CENTER 1,072,000 1,025,903 ( 46,097) -
RECREATION PROGRAMS 211,375 225,336 13,961
DOBSON ICE ARENA 280,150 302,88422,734
GENERAL FUND REV TOTAL $9,522,868 $9,788,131 $265,263
2
u ~c i ir a
TOWN OF VAIL
1986 FISCAL YEAR °
FINANCIAL REPORT '
GENERAL FUND EXPENDITURES VARIANCE
86 BUDGET 86 ACTUAL OVER/(UNDER) EXPLANATION
Town Council 79,350 86,103 6,753 Additional W. Vail annexation costs
Municipal Court 88,063 82,893 ( 5,170)
Town Manager 129,127 126,575 ( 2,552) Administrative Services 452,516 447,010 ( 5,506)
Town Attorney 99,893 112,081 12,188 Add'1 outside legal fees & codiPication
Office Support 178,181 180,078 1,897
Community Development 415,739 396,897 ( 18,842) $13,000 Rec. study unspent (in 87 budget)
Police 1,628,459 1,605,993 ( 22,466)
Fire 681,331 683,166 1,835
Public Works 1,301,771 1,364,966 63,195 Heavy Equip. costs $85,000 over budget.
Transportation 1,187,447 1,100,180 ( 87,267) Salaries, insurance, miscellaneous
Library 404,123 397,749 ( 6,374)
Contributions & Special Events 267,650 271,675 4,025
Symposium 60,500 55,149 ( 5,351)
Transportation Center 798,546 734,133 ( 64,413) Utility savings -$57,500
Dobson Arena 480,809 457,639 ( 23,170) Part of X-mas show expense wil be in '87
Recreation 530,884 539,733 8,849
Employee Benefits 166,500 132,400 ( 34,100) Bonus -$19,206, Wrkrs. Comp. -$16,469
Insurance 473,000 265,354 ( 207,646) Various premiums decreased.
TOTAL ~ 9,423,889 9,039,774 ( 384,115)
w
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
OPEN SPACE & CAPITAL IMPROV. VARIANCE
86 BUDGET' 86 ACTUAL OVER/(UNDER) EXPLANATION
REVENUE
Retail Sales Tax 3,195,945 3,120,742 ( 75,203)
Resort Fee 535,000 596,335 61,335
County Sales Tax 130,000 120,814 ( 9,186)
Interest Earnings 40,000 42,322 2,322
Street Use Tax 56,000 122,049 66,049
Recreation Amenities Fees 16,000 118,658 102,658
Miscellaneous 0 43,184 43,184
TAL REVENUE 3,972,945 4,164,104 191,159
EXPENSE
Street Pro3ects 385,000 409,572 24,572
Other Capital Projects 618,401 548,900 ( 69,501)
Transfer to Debt Service 2,842,578 2,997,423 154,845
Transfer to Build. Authority 33,000 44,346. 11,346
Transfer to Computer Proj. 125,777 125,777 0
TOTAL EXPENSE 4,004,756 4,126,018 121,262
NET GAIN/(LOSS) ( 31,811) 38,086
~ .
HEAVY EQUIP. FUND VARIANCE
________86_BUDGET 86 ACTUAL OVER/(UNDER) EXPLANATION
REVENUES 1,000,000 903,615 ( 96,385)
EXPENSES 1,001,017 917,677 ( 83,340) Insurance costs over budSet by $35,626.
NET GAIN/(LOSS) ( 1,017) ( 14,062)
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
REAL ESTATE TRANSFER TAX FUND VARIANCE
________86 BUDGET 86 ACTUAL OVER/(UNDER) EXPLANATION
REVENUES 1,055,000 1,453,436 398,436
EXPENSES 1,220,560 1,223,896 3'336 Trans. oP Open Space exPense from OSCIF.
NET GAIN/(LOSS) ( 165,560) 229,540
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * :k * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
SPECIAL PARKING ASSMNT. FUND VARIANCE
________86 BUDGET 86 ACTUAL OVER/(UNDER)
REVENUES 55,000 110,893 55,893
EXPENSES 58,000 67,499 9,479
NET GAIN/(LOSS) 3,000) 43,414 '
.
~
86FYRPTI
TOWN OF VAIL
Projects Not Completed in 1986
REQUIRED IN
1986 1986 1987 FOR
FUND PROJECT BUDGET EXPENSES COMPLETION
. -
Cap. Proj. Teen Center Remodel 63,000 83,847 2,500
Cap. Proj..; People Mover Study 16,000 0 24,000
Cap. Proj. 4 Way Stop Improvements 50,000 15,775 54,000
Cap. Proj. Arena Mechanical Dampers 9,000 0 9,000
Cap. Proj. Old Town Shops Remodel 20,004 7,671 33,600
Cap. Pro3. Town Manager's Residence 227,000 224,578 4,000
CAPITAL PROJECTS FUND TOTAL 385,000 331,871 127,100
General Recreation Strategic Plan 12,000 0 12,000
Total amount needed to complete 1986 Pro3ects: $139,100
5
~
~dSthOf APR 2 9 1987
6ramshammer, lnf. Telephone: 303/476-5626
Pepi Gramshammer 231 East Gore Creek Drive
Sheika Gramshammer Vail, Colorado 81657
April 29, 1987
Town of Vail
Vail, Colo. 81658 '
attn.: Ron Phillips
- Dear Ron:
I would like to thank you for coming over and discussing with me
my parking problem. As you know I am rebuilding the entrance to
Gasthof Gramshammer and I would like to improve the whole area.
THe concrete around the fountain area, next to my hotel, is cracking
and crumbling and it looks very bad. This area needs fixing immediately.
I would like to extend the flower planter for approximately 5 feet,
which is partly on town property. I also would like to install a new
parking control gate to solve my parking problem. Right now cars are
always parked in the narrow section between the existing flower
planter and the Fountain Cafe. With the new gate no one could park
there and obstruct the entrance on the east side to the Fountain Cafe.
I would like to propose to the town of Vail to sell to Gasthof Gramshammer
the area in question, which is approximately 225 squ. feet to accomplish
the improvement. Wheri you look at the plot plan you will see that it
is a very logical solution to the parking problem and it will fit the
setting very well without much of a change to the existing look, only
better.
Thank you for your consideration and hope to hear from you very soon.
-S1"rit^grely
Q 4 G? t .
Pepi Gramshammer
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MEMORANDUM
TO: RON PHILLIPS
FROM: STAN BERRYMAN
DATE: APRIL 28, 1987
RE: -VAIL TRANSPORTATION AND PARKING TASK FORCE - INTERIM
REPORT
The Transportation and Parking Task Force met on March 5 and
April 9, 1987 to discuss a number of issues. Each issue,
- backgrovnd and task force recommendation is described in the
attached report.
Mar 5 Meeting Attendance:
Cail Lowenthal, Joe Macy, Kurt Mulson, Ron Phillips, Rich Perske
(CDOH), Jim Bragdon (CDOH), Peter Patten, Stan Berryman, 5kip
Gordon, Mike Rose.
April 9 Meeting Attendance:
Panl Johnston, HermannStaufer, Duane Piper, Dave Gorsuch, Georqe
Knoa, Rich Perske (CDOH), Lee Metcalfe, Ron Phillips, Ken Hughey,
Stan Berryman, Skip Gordon, Mike Rose.
1. Vail Villaae Trvck Loadina
Backarovnd:
The Town has received numerous complaints from guests
regarding the increasing number and size of delivery trucks
in the core of the Village. Large delivery vehicles parked
on Bridge Street, Core Creek Drive and other village streets
impede pedestrian traffic and detract from the pedestrian •
village concept in Town. The 1987 World Championship
delegation from Vail noticed the attractiveness of villages in Europe which are restricted -For- vehicles. As commercial
density increases in the village, the delivery truck problem
will only get worse.
Recommendations:
On an experimental basis) later in the summer after most
Villaqe reconstruction is completed, restrict delivery '
trucks in the Village Core in the following manner:
a. Delivery trucks will be prohibited on Bridge Street during the hours from 8:30 A.M. Until 5:00 P.M.
b. The truck Ioading zone will be expanded on Gore Creek
Drive but delivery trvcks will be prohibited from
-
MEMORANDUM TO RON PHILLIPS
REGARDING VAIL TRANSPQRTATION AND PARKITiG TASK FORCE INTERIM
REPORT
APRIL 28, 1987
PACE 2
parking in the Ioading zones dvring the hours from 9:30
A.M. until 5:00 P.M.
c. After 9:30 A.M. vntil 12:00 Noon, delivery trucks wilI
be required to utilize one of two "staging areas" in
the Village Core and then use their own wheel carts to
deliver goods into the core. Existing Ioading zones
would be used for these staging areas:
West - Willow Bridge Road
East - Hanson Ranch Road
Core Creek Drive (by MiII Creek CourE
Building Only)
d. After 12:00 Noon, delivery trucks will be required to
park in the Village Charter Bus Lot and then use their
own wheel carts to deliver goods into the core area.
The feasibility of the Town providing a smaller
delivery vehicle (e.g., similar to a golf cart?) should
be evaluated.
e. For purposes of this proposal, delivery trucks are
defined as any vehicle Iarger than a one ton pickup
truck.
f. This proposal restricts deiivery trvcks only, as
defined above. Taxis, service trucks (plumbers,
electricians, etc.), personal cars are not affected by
this proposal.
2. Petition from the Vail AthIetic Clvb Reavestina a Chanae
From_1_-1/2 Hovrs Free Parkina in the Villaqe Structure to
2-1/2 Hours Free Parkin4.
Backqround:
The Town received a petition from Robert Hopkins, General
Manager of the Vail Athletic Clvb, to increase the free
parking time from 1-1/2 hours to 2-1/2 hours in the Village
Structure. Mr. Hopkins stated their interest is to allow
Iocal residents and visitors slightly more time to conduct
business at Iocal establishments without increasinq parking
charges. Mr. Hopkins feels that locals are taking their'
business to areas which have free parking and feels that any
reduction of parking income would be offset by increased tax
revenues.
MEMORAMDUM TO ROU PHILLIPS
REGARDING VAIL TRANSPORTATION AND PARKING TASK FORCE INTERIM
REPORT
APRIL 28, 1987
PAGE 3
The Town estimates that approaimately $50,000 of revenue
wovld be Iost with the increase in free parking time. The
issue of parking free was discnssed by the Parking Task
- Force and Town Council in 1985 and a fee schedule adopted at
that time. That fee schedule has been in glace for two
seasons:
0 - 1.5 Hours Free
1.5 - 2 Hours $1.00
2 - 4 Hovrs 53.00
4 - 6 Hours $4.00
6 - 12 Hours $5.00
12 - 24 Hours $6.00
Recommendations:
The existing parkinq fee schedUle and times should be
continued. The task.force feels that a $1.00 charge for two
hours is not excessive. The task force encovraqes the
Athletic Club or any other Village business to purchase
parking coupons for use by patrons.
3. Rustv Spike Vans on LionsHead Parkina Deck
Backaround:
Rusty Spike parks their service vans on the top deck of the -
LionsHead Parking Structure during the sammer months. Vans
are moved periodically to avoid being classified as
abandoned vehicles subject to town. Rusty Spike receives a
benefit of "free exposvre" from parking on the top deck.
The task force discvssed the possibility of restrictinq
Rusty Spike from parking on the top deck.
Recommendations:
No action taken.
4. Transportation Action Plan
Recommendations:
a. Add bus capacity to meet service demands as proiected
in the Transit Development Plan Update.
MEMORANDUM TO ROH PHILLIPS
REGARDING VAIL TRANSPORTATION AND PARKING TASK FORCE INTERIM
REPORT
APRIL 28, 1987
PAGE 9
b. Implement recommendations from People Mover Feasibility
Study to improve existing bvs productivity by
decreasing dwell time:
i) Investigate modifications to new buses which could
reduce dwell times, e.g., double-wide doors, Iower
step configvration, seating arrangement.
2) Investigate feasibility for additional overnight
locked ski storage.
c. Pursue alternative funding source (UMTA?) for People
Mover System and/or bvses. •
d. Remove speed dip on Vail Valley Drive (by Garden of the
Gods) to facilitate better traffic flow and eliminate
damage to vehicles.
6. Parkina Action Plan
Recommendations:
a. Continue aII current parking policies and procedures
(restricted parking passes, free Ianding mat parking,
etc.) established in 1985 and 1986.
b. Conduct analysis of Iong term parking requirements and
alternatives in coniunction with Vail Associates
planned mountain expansions. -
c. Conduct preliminary evaluation of increasing Ford Park
parking by excavatinq and paving area east of tennis
parking to the snow dump. Provide snmmer parkinq far
Ford Amphitheater without removal of tennis courts as
envisioned in Ford Park Master Plan.
SB/njm
!ORDINANCE N0. 14
Series of 1987
AN ORDINANCE AMENDING ORDINANCE -N9-: -2&, N0. 1
SERIES OF +946 1985 TO PROVIDE FOR THE AMENDMENT OF THE
APPROVED DEVELOPMENT PLAN FOR SPECIAL DEUELOPMENT DISTRICT N0.
6; *ME*f)IPf6 TiiE PKPOSf SHT~@N 9-F SffCI-ftt HVEt6PMfidT [3IST*IeT
-NO:-6; ADOPTING AN AMENDED DEVELOPMENT PLAN FOR
PHASE IU OF SPECIAL DEVELOPMENT DISTRICT N0. 6,
ELIMINATING CERTAIN REQUIREMENTS RELATING TO THE
DISTANCE BETWEEN BUILDINGS FOR PHASE IV OF SPECIAL
DEVELOPMENT DISTRICT N0. 6; CHANGING THE HEIGHT REQUIREMENTS -
*ND-At-t06dABtE-U5C-5 FOR PHASE IV OF SPECIAL DEVELOPMENT
DISTRICT 6; +WR-EA-&I;46 CHANGING THE ALLOWABLE DENSITY
AND MODIFYING THE BUILDING BULK STANDARDS FOR PHASE IU OF
SPECIAL DEVELOPMENT DISTRICT N0. 6; PROVIDING DIFFERENT
PARKING AND LOADING REQUIREMENTS FOR PHASE IV AND U
OF SPECIAL DEVELOPMENT DISTRICT N0. 6; AND SETTING
FORTH DETAILS IN REGARD THERETO.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL of the
Town of Vail as follows:
Section 1. Legislative Intent
In 1976, the Town Council of the Town of Vail passed
Ordinance fdo- -28-No. 7, Series of 1976, establishing Special
Development District No. 6 to insure the unified and
- coordinated development of a critial site as a whole and in a
manner suitable for the area in which it was situated.
B. Special Development District No.6 provided in Section
14 that the Town Council reserved the right to abrogate or
modify Special Development District No. 6 for good cause
through the enactment of an ordinance in conformity with the
zoning code of the Town of Vail.
C. IN 1985, THE TOWN COUNCIL OF THE TOWN OF VAIL PASSED
, ORDINANCE #1, SERIES OF 1985, PROVIDING CERTAIN AMENDMENTS TO
THE DEVELOPMENT PLAN FOR SDD N0. 6.
D. Application has been made to the Town of Vail to
modify and amend certain sections of Special Development
District No. 6 which relate to Phase IV and which make certain
changes in the development plan for Special Development
District No. 6 as they relate to Phase IV.
E. The Planning and Environmental Commission of the Town
of Vail has reviewed the changes submitted by the applicant and
has war4meu~94 recommended that Special Development District
No. 6 be so amended.
F. The Town Council considers that the amendments provide
an even more unified and more aesthetically pleasing
development of a critical site within the Town and that such
amendments are of benefit to the health, safety and welfare of
the inhabitants of the Town of Vail.
Section 2. Section 18.50.020 Purpose
is hereby amended to read as follows:
A Special Development District is established to assure
comprehensive development and use.of an area in a manner that
would be harmonious with the general character of the Town,
provide adequate open space and recreation amenities, and
promote the objectives of the Zoning Ordinance of the Town.
Ordinarily, a special development district will be created only
when the development is regarded as complementary to the Town
by the Town Council, Planning Commission and Design Review
Board, and there are significant aspects of the special
development which cannot be satisfied under the existing
zoning._
Section 18.50.040 Development Plan Contents is hereby
amended to read as follows;
The proposed development plan shall include, but is not
limited to, the following data as supplemented by exhibits
provided by consultants Royston, Hanamoto, Beck and Abey on
February 12, 1976 for Phases I, II, III, and as supplemented by
the exhibits of the development plan and the environmental
impact report as prepared by Gordon R. Pierce, Architect,
(PLANS DATED FEBRUARY 19, 1987, REUISED APRIL 14 AND APRIL 22,
1987), and as given final approval through passage of second
reading of this ordinance by the Town Council on February 19,
1985 MAY 1987 for Phase IU. THIS APPROVAL RECOGNIZES THAT
PHASE IV MAY BE CONSTRUCTED IN TWO PHASES WITH THE FIRST PHASE
TO BE REFERRED TO AS PHASE IV AND THE FINAL PHASE TO BE ' -
REFERRED TO AS PHASE V.
Section 3. Section 18.50.040 E is hereby amended to read as
follows:
E. For Phases I, II, and III, a volumetric model as
amended by consultants Royston, Hanamoto, Beck and Abey on
February 12, 1976 of the site and proposed development
documented by photographs at a scale of 1 inch equals 16 feet
or larger, portraying the scale and relationship of those
phases of the development to the site and illustrating the form
and mass of structures in said phases of the development. For
Phase IU AND V, a volumetric model as amended by Gordon Pierce,
Architect, of the site and the proposed development at a scale
of 1 inch equals 20 feet, portraying the scale and relationship
of the development on Phase IV AND V, to the site and
illustrating the form of mass of structures in said phase.
Section 4. Section 18.50.050 Permitted Uses in Special
Development No. 6 is hereby repealed and re-enacted with
amendments to read as follows:
18.50.050 Permitted Uses
The permitted uses in Phases I, II, III, IV AND V of
Special Development District 6 shall be in accordance with the
approved development plans on file in the Town of Vail
Community Development Department.
Section 5. Section 18.50.060 Conditional Uses in Special
Development District No. 6 is hereby repealed and re-enacted
with amendments to read as follows:
18.50.060 Conditional Uses
Conditional Uses for Phases I, II, III, IV and U of
Special Development District No. 6 shall be as found in Section
18.22.030 of the Vail Zoning Code and as below: A. A popcorn
outside vending wagon that conforms in appearance with those
existing in Commercial Core I and Commercial Core II.
Except, no office uses, except those clearly accessory to
a principal use will be allowed on the Plaza1evel of Phases
IV and V. Section 6. Section 18.50.110 Distance Between Buildings is ,
hereby amended to read as follows:
18.50.100 Distance Between Buildings
For Phases I, II and III the minimum distance between
buildings on adjacent sites shall be as indicated in the
development plan, but in no case shall be less than 50 feet.
For Phase IU AND V, the minimum distance between buildings on
adjacent sites shall be as indicated in the development plan as
submitted by Gordon Pierce, Architect, (DATED FEBRUARY 19,
1987, REVISED APRIL 14 AND APRIL 17, 1987).
Section 7. Section 18.50.120 Height is hereby amended to read
as follows:
A. For Phases I, II, and III the allowable heights shall
be as found on the development plan, specifically the site plan
and height plan dated 3/12/76.
B. For Phase IU AND U, the maximum building height shall
be as set forth in the approved development plan by Gordon
Pierce,Architect (DATED FEBRUARY 19, 1987, REVISED APRIL 14
AND APRIL 17, 1987).
Section 8. Section 18.50.130 Density is hereby amended to read
as follows:
The Gross Residential Floor Area (GRFA) of all districts
in the Special Development District shall not exceed 120,600
square feet. There shall be a minimum of 175 accommodation
units and 4&,-400-67,022 square feet of GRFA devoted to
accommodation units in Phase IV AND V of Special Develoment
District 6.
Section 9. Section 18.50.130 Building Bulk is hereby amended
to read as follows:
18.50.130 Building Bulk
Building bulk, maximum wall lengths, maximum dimensions
for building elements, requirements for wall offsets and
vertical stepping of roof lines for Phases I, II and III shall be indicated on the development plan submitted by consultants
Royston, Hanamoto, Beck and Abey on February 12, 1975. For c.
Phase IV AND U, building bulk, maximum wall lengths, maximum
dimensions for building elements, requirements for wall offsets
and vertical stepping of roof lines shall be as indicated as
per the approved development plans submitted by Gordon R.
Pierce, Architect (DATED FEBRUARY 19, 1987, REVISED APRIL 14
AND APRIL 22, 1987).
Section 10. Section 18.50.180 Parking and Loading is hereby
repealed and reenacted with amendments as follows:
18.50.180 Parking and Loading
FOLLOWING THE COMPLETION OF PHASES IU AND U, there shall
be not less than 12 surface parking spaces, 324 underground
parking spaces, and 37 underground valet parking spaces as are
existing and as provided on the development plan submitted by
Gordon R. Pierce, Architect (DATED FEBRUARY 19, 1987). THE
PROPOSED SITE PLAN DATED FEBRUARY 19, 1987 REFLECTS THE INTERIM
PARKING PLANS BETWEEN THE DEVELOPMENT OF PHASES IV AND V.
Sectionll. Conditions of approval for the development plan of
Phases IU AND V of SDD6 as submitted by Gordon Pierce (DATED
FEBRUARY 19, 1985, REVISED APRIL 14 AND APRIL 22, 1987), shall
be as follows:
1. That the developers and/or owners of Phases IU AND V
participate in and do not remonstrate against an
improvement district for improvements to the intersection
of Vail Road and Meadow Drive if and when one is formed.
2. That the developers and/or owners of Phases IV AND U
participate in and do not remonstrate against establishing
a pedestrian linkage from Phases IV AND U to a future
commercial expansion at the Kiandra (SONNENALP) Lodge site
if and when it is developed.
3. The developer receive approval from the State Highway
Department for reconfiguration of the pull-off area from
the Frontage Road to the entrance to the hotel PRIOR TO
THE ISSUANCE OF A BUILDING PERMIT FOR PHASE U.
4. -The- bea rd-o+ dt r ee t~cw s--&~ tfr& Co+o-re4o S*t-Mirxurn--a n4-t•he-
ide rre14p ers-c ome-to-&n agrettte n t-am te-rm-T-f o r-t he-
relrrcat-i on-of the P9aseurrr i n-ftiase-l-U crF the-dai'i-Vtfil a7e
-fnrr prro r-t o-tfi e--irs s u7n ce-o f a- b utfi d i mTp emi t` I rt-t fM
"everrt t~rat t he- S ki-Mu seam waari-d rere a te -i-ts -sp a c e-fin W°rime
it Zrf ttre VzH 1 -ftl lage ITrrr, thg-Towrr-of ftfl sha+1 tre
g4Vetr-ext4-us4-,ite r+ghts-to erssume-rthe-Frki P4trsetft's4ease-of
th is-s p at-ter. I-r-s h afit- b e mTd ersto od tha t in-th e-eve n t-t h e
iow rt--af -Vtri 1 dve s-nssu me--th e-trss e of-t h i-s-s p a ce-, -a-H uses
4rr t-4e spae e s#a 11 be pttb+i cpai^ p o se- i n--ra tLm°e :
5. THE DEVELOPERS AND/OR OWNERS OF PHASE IV AGREE TO TRANSFER
BY GENERAL WARRANTY DEED TO THE TOWN OF VAIL FREE AND
CLEAR OF ALL LIENS AND ENCUMBRANCES, SUCH CONDOMINIUM UNIT
OF APPROXIMATELY 3,986 SQ. FT. IN SIZE AND TO BE LOCATED
AS INDICATED ON THE PLANS AND SPECIFICATIONS SUBMITTED
WITH THE APPLICATION.
' 5. -T4kre-4e v ea-eige w-#trn c-t-h e-4em o-4-i t i om-~n4-1 amd s-ea p4-p g--of-tkre
rttrs etrm stt-e throt.r g Iron e-of- trarr o p ti-o n s--- a)-ch--p o s'rt- to -thE-
fiowrr-a cherk -fvr $t5', Ofr@'to 'b'g' usErd by-the Tvwn to-
'Comp+et-e'-the-work; or b-j--the-devt-1 oper- subm+t a+andscape-
1~,} a rrt o-tke -T-ow rr-F o r---&p p rrolra 1-te- b e-com p+ete d-trs- arr
e+e merrt cf- t ht--v ver a W pi-&n- f ar-P hrase i1t'.
6. No grading permit, building permit or demolition permit
relating to Phase IU of Special Development District No.
6 shall be issued until such time that reasonable evidence
is provided the Town of Vail staff that construction
financing for the improvements to be constructed as part
of Phase IV has been obtained.
7. RESTRICTIONS ON THE USE OF ANY UNITS WHICH WOULD BE
CONDOMINIUMIZED SHOULD BE AS FOLLOWS:
UPON CONDOMINIUMIZATION OF THE PROPOSED STRUCTURE,
LANGUAGE SHALL BE INSERTED IN THE CONDOMINIUM DOCUMENTS
AND SHALL BE MODIFIED ONLY BY THE WRITTEN AGREEMENT OF THE
TOWN COUNCIL AND THE OWNER OR OWNERS OF THE UNITS WHICH
HAVE BEEN CONVERTED INTO CONDOMINIUMS.
A. A CONDOMINIUM UNIT, WHETHER A DWELLING UNIT OR AN
ACCOMMODATION UNIT, SHALL BE AUAILABLE FOR RENTAL ON A SHORT TERM BASIS WHEN AN OWNER IS NOT MAKING
PERSONAL USE OF THE CONDOMINIUM UNIT. "OWNER'S
PERSONAL USE" SHALL BE DEFINED AS OWNER OCCUPANCY OF
A UNIT OR OCCUPANCY BY OWNER'S FAMILY OR OTHER
NONPAYING OR PAYING GUEST OF THE OWNER.
B. AN OWNER MAY NOT OCCUPY SUCH UNIT AS HIS PRIMARY
RESIDENCE. PRIMARY RESIDENCE SHALL BE DEFINED AS
CONTINUOUS OCCUPANCY OF THE UNIT FOR A PERIOD OF SIX
MONTHS OR MORE IN DURATION.
C. A CONDOMINIUM UNIT WHEN NOT OCCUPIED BY THE OWNER
SHALL REMAIN AVAILABLE TO THE GENERAL TOURIST MARKET.
THIS CONDITION MAY BE MET BY INCLUSION OF THE
CONDOMINIUM UNIT AT.COMPARABLE RATES IN ANY LOCAL
RESERVATION SYSTEM FOR THE RENTAL OF LODGE OR
CONDOMINIUM UNITS IN THE TOWN OF VAIL OR IN ANY
RESERVATION SYSTEM MAINTAINED BY THE CONDOMINIUM
" PROJECT OR THE ADJACENT HOTEL FACILITY.
Section 12.
If any p'art, section, subsection, sentence, clause or phrase of
this ordinance is for any reason held to be invalid, such
decision shall not affect the valildity of the remaining
portions of this ordinance; and the Town Council hereby
declares it would have passed this ordinance, and each part,
section, subsection, sentence, clause or phase thereof,
regardless of the fact that any one or more parts, sections,
subsections, sentences, clauses or phases be declared invalid.
Section 13.
The repeal or the repeal and reenaction of any provisions of
the Vail Municipal Code as provided in this ordinance shall not
affect any right which has accrued, any duty imposed, any
violation that occurred prior to the effective date hereof, any
prosecution commenced, nor any other action or proceeding as
commenced under or by virtue of the provision repealed or
repealed and reenacted. The repeal of any provision hereby
shall not revive any provision or any ordinance previously
repealed or superseded unless expressly stated herein.
INTRODUCED, READ AND PASSED ON FIRST READING THIS day
of , and a public hearing shall be
held on this ordinance on the day of
at 7:30 P.M. in the Council Chambers of the Vail
Municipal Building, Vail, Colorado.
. Ordered published in full this day of ,
1987.
Paul R. Johnston, Mayor
ATTEST: Pamela A. Brandmeyer, Town Clerk INTRODUCED, READ AND APPROVED
ON SECOND READING AND ORDERED PUBLISHED
this day of , 1987.
Paul R. Johnston, Mayor
ATTEST:
Pamela A. Brandmeyer, Town Clerk
T0: Town Council
FROM: Community Development Department
DATE: May 5, 1987
RE:. Proposed amendments to SDD No. 6, Vail Village Inn
Attached you will find a PEC memorandum for the proposed amendments to the
ordinance regulating the development of the Vail Village Inn and a copy
of Ordinance No. 14, Series of 1987, reflecting these amendments. This
proposal. has been scheduled for discussion at Tuesday's work session so
as to inform the Council of the most recent deVelopments relative to this -
project., Please feel free to call Tom with any questions you may have.
' TO: Planning and Environmental Commission
FROM: -Community Development Department
DATE: April 20,1987
SUBJECT: A request to amend Special Development District 6,
Vail Village Inn, Phase 4.
Applicant: Mr. Josef Staufer
Final approval for the last phase of Vail Village Inn (Phase 4
of SDD6) was granted by the Town Council in February of 1985.
An 18 month extension of this approval was granted in January,
1987 for the exact plan that was_previously approved. In
general terms, the approval of Phase 4 involved the demolition
of the existing hotel, Pancake House, and Food and Deli. To be
constructed were 175 accommodation units, approximately 16,000
- square feet of retail space, and 324 underground parking spaces.
The construction of this final phase was to have completed all
development potential as established by ordinance, for this
property.
Application has been made for a number of amendments to the
existing ordinance governing the development of this property,
as well as approval for the phased development of the project.
Planning Commission action on this request involves making
recommendations to be passed on to the Town Council for their
final review. The following memo outlines the issues related to
these requests for both the proposed amendments and the proposal
to phase the development of the project.
DESCRIPTION OF THE PROPOSED PHASING PLAN
The existing approval for Phase 4 was presented and approved to
be constructed in one phase. The applicant has stated that it
is his desire to complete this final phase in three separate
phases as oppposed to one. However, at this time information is
provided for only one of the three phases that are being
contemplated.
The first phase proposed involves the construction of a building
located at the corner of Vail Road and East Meadow Drive. This ,
structure would be connected to the existing Food and Deli
portion of WI with a second and third floor skyway. The
building closely resembles the previous approval in terms of
design and how it would be connected to the main portion of the
hotel. There are a number of issues that will need to be
addressed relative to this phasing plan. They include the
following:
1. Design A great deal of time and effort went into
reviewing the massing and siting of this structure
during the previous approval in 1985. The goal of
these efforts was to ensure a design that was
consistent with the original development plan adopted
for this site in 1976. Generally, it was the
intention of this plan for the property to be
developed with greater densities and mass along the
Frontage Road and a gradual "stepping down" of
structures toward Meadow Drive. While this structure
along Meadow Drive has been modified from the original
approval, staff feels these design changes are minor
and still in keeping with the intent of the original
plan for SDD6.
2. Interim Changes to the site in the area of the
proposed Meadow Drive structure include a slight
relocation of the access off of Vail Road, the
introduction of a loading zone, and the removal of
approximately 1,000 square feet of landscaped area to
provide additional surface parking. The proposed
location for the loading zone is directly adjacent to
Vail Road. From a design standpoint, this location is
unacceptable to the staff. Concerns over this
location center around the high visibility of the
loading zone in relation to vehicular and pedestrian
ways.
There is also a strong concern over the removal of
landscaped area to provide for surface parking. The
introduction of additional surface parking is
inconsistent with the desired goals for Vail Village
as well as the previously approved plan for this
project. The significance of this additional parking
is magnified by the fact that mature evergreen trees
would be removed to accommodate it.
3. Parking The staff has a number of concerns with
the parking solution as proposed with this phasing
plan. These concerns center around the project's
overall deficiency in providing parking on site, the
utilization of a tremendous number of valet spaces
during the interim plan, and the notion of adding
additional development to this project with no
appreciable gain in on-site parking.
To date, this project has developed in three phases
and over the course of this development has fallen short of its required on-site parking. Phases 1 and 2
(predominantly the commercial areas along Meadow
Drive) were developed without on-site parking. The
2
' development of Phase 3 involved a total of 106
structured spaces. These 106 spaces were over and
-above what was required for Phase 3 development
(condominiums along the Frontage Road). It was
intended that the development of the additional spaces
would go toward making up some of the short fall that
existed from Phases 1 and 2. As the Planning
Commission is probably aware, existing restrictions on
access to this structure has limited the utilization
of these spaces and, as a result, done little to make
up for the existing short fall on the site. We are
now asked to review additional development on the
property, again with little actual new parking being
provided. The following table outlines in greater
detail the parking situation for the Vail Village
Inn.
EXISTING CONDITIONS (PARKING)
Phase Use Sq Ft Spaces Req. Spaces Exist.
1 Comm. 16,128 53 0
2 Comm. 6,473 21 0
Resid. 4 condos 8 p
3 Comm. 10,600 34 106 (structure)
Resid. 29 condos. 47
WI Hotel,
Deli, etc. Com/rest 5,610 23 65 (surface)
Hotel 52 units 37
223 171
lst phase of Phase 4
' Comm. 4,765 16 p
Resi. 14 units 28
44 p
267 171
(multi-use credit) - 13
254
The information for this table was derived from data compiled
during the last review of Phase 4. The number of spaces
provided do not reflect the valet spaces as proposed with this
application.
3
The following table outlines in greater detail the proposed
valet parking. The parking section of the zoning code requires
clear and unobsructed access to on-site parking provided within
a development. An exception to this can be granted when valet
service is provided. There are no other standards related to
the utilization of valet parking outlined in the code. As an
interim solution to parking, the applicant has proposed the
introduction of valet parking throughout the project. When
considering these valet spaces, the following changes are made
to the parking provided on site:
PARKING PROPOSED WITH THIS PHASE
Phase Total Clear Access Valet %
# Spaces Spaces S aces Valet
1 0 0 0 0
2 0 0 0 0
3 135 51 84 62%
Surface 60 40 20 33%
Spaces
195 91 104 53%
As demonstrated by this table, over one half of the parking
spaces provided on site will require valet service to be
utilized. This percentage is unacceptable to the staff. While
a portion of valet parking for a lodge is acceptable, it is
infeasible to think that valet parking is workable or
appropriate for meeting the demands for commercial space for
this development. The realities of the existing situation on
this property are that a maximum of 64 surface spaces are
accessible for all the commercial uses on the site. This is
assuming that the 106 spaces within Phase 3 are unaccessible to
the general public. In addition, of the 64 surface spaces on
site, a good percentage of those are restricted to specific
tenants. For all practical purposes, there is no additional
parking being provided for these commercial uses.
Another aspect of the valet parking proposed on the surface lot
is the amount of trip generation that will occur between the
properties. Assuming that the valet service will be based out
of the front desk of the hotel, the utilization of valet spaces
adjacent to the Food and Deli would require a doubling of
necessary trips through the 4-way stop. This trip generation is serving to congest an intersection that is already at capacity
many times of the year.
4
REQUESTED AMENDMENTS TO THE APPROVED DEVELOPMENT PLAN
A number of amendments have been requested to Ordinance #1,
1985. This ordinance established the development plan,
statistics, and conditions of approval relative to the initial
review of this project. While many of these amendments are
minor, a number of them have implications relative to the
development of Phase 4. The original ordinance and a copy of
the applicant's amendments requested have been attached to this
memorandum. The following is the staff's response to each of
these amendments.
Amendments 1, 2, 3, 5 and 6 are merely housekeeping amendments
to recognize the amended plans as submitted for this first phase
of the competion of the project. In many cases the ordinance
makes reference to the approved plans as previously submitted.
These references address issues such as distances between
buildings, proposed locations and design of structures, parking
provisions, etc. The staff feels there are no pertinent issues
relative to the above amendments.
Amendment 4.
This amendment refers to the density permitted within Phase
4 of the Vail Village Inn project. The existing ordinance
reads as follows:
The gross residence floor area (GRFA) of all districts
in the Special Development District shall not exceed
120,600 square feet. There shall be a minimum of 175
accommodation units and 72,400 square feet devoted to
accommodation units in Phase 4 of SDD6.
With respect to this particular section of the ordinance,
the GRFA numbers were previously established with the
72,400 square feet available in Phase 4 being the
difference between what is existing in other phases and the
overall allowable. A minimum of 175 accommodation units
were specified in the ordinance to insure that accomodation
units be provided in the development of Phase 4. The
amendment requested by the applicant would allow for the
development of dwelling units in this phase of Phase 4. As
proposed, the second, third and fourth floors of this
structure would accommodate 14 units, each with at least
one lock-off unit.
Staff concern with this approach centers around the
utilization and ownership of these units. As per the
written application we have received, the units could be
condominiumized with no restrictions on owners' use or any
requirements to manage these units in some type of short
5
term rental pool. While it is true that accommodation
units could be condominiumized, the condo conversion
ordinance establishes restrictions on owners' use as well
as requiring the units to participate in a rental pool. As
proposed, there are no assurances that these units would
not be developed, sold to individual owners, and not
participate in a rental pool. Under this scenario, this
proposal is a dramatic departure from the intent of
Ordinance #1, 1985 as it is presently written.
~ Amendment #7
This amendment addresses the seven conditions of approval
that were established during the last review of this
proposal. Of concern to the staff are amendments proposed
to conditions No. 5 and 6. These conditions address the
relocation of the ski museum as part of the development of
Phase 4. The existing conditions are worded as follows:
4. "The board of directors of the Colorado Ski Museum
and the developers come to an agreement on terms for
the relocation of the Museum in Phase 4 of the Vail
Village Inn prior to the issuance of a building
permit. In the event that the ski museum would vacate
its space in Phase 4 of the Vail Village Inn, the Town
of Vail shall be given exclusive rights to assume the
Ski Museum's lease of the space. It shall be
understood that in the event the Town of Vail does
assume the use of this space, all uses in this space
shall be of public purpose in nature."
5. The developer fund the demolition and landscaping
of the museum site through one of two options:
a. Deposit to the Town a check for $15,000 to be used
by the Town to complete the work, or, b. The
developer submit a landscape plan to the Town for
approval as an element of the overall plan for Phase
4.
The relocation of the Ski Museum became an essential
element of the redevelopment plan during the last review of
this proposal. This was the result of trying to find a
balance between the needs of the developer and the original
design plan for this property. Generally speaking, the
design plan adopted for this site emphasized the massing of
structures to step down from the Frontage Road to East
Meadow Drive resulting in a pedestrian scale of buildings
along the Meadow Drive pedestrian corridor. In addition,
this plan called for a substantial amount of landscaped
open space at the southwest corner of the property. The
- developer's program for the building necessitated placing a
structure in this portion of this property and the solution
6
proposed was to relocate the Ski Museum to free up that
site to be developed as a park. After much discussion,
this was agreed to as a reasonable compromise maintaining
the integrity of the design plan as well as meeting the
needs of the developers. The two conditions of approval
were designed to ensure that the Ski Museum would be
relocated and that the site be landscaped in conjunction
with the development of this project. These assurances
came in the form of requiring the Ski Museum to agree to
~'the move before construction was initiated and through the
funding of improvements to the Ski Museum site. The
commitment by the developer to provide these-conditions was
seen as a trade off for the opportunity to develop what was
intended to be a landscape portion of the site.
The applicant has proposed the following amendment to these
conditions:
"The developers and/or owners of Phase 4 agree to
transfer by general warranty deed to the Town of Vail
free and clear of all liens and encumbrances. Such
condominium unit shall be approximately 3986 square
feet in size and shall be located as indicated on the
plans and specifications submitted with the
application."
The applicant has also requested that Condition #5 (that
the developer fund or provide the landscaping of the Ski
Museum site) be completely deleted.
While the developer is still proposing to provide the space for
the Ski Museum, the Town has lost all assurances that the Ski
Museum will in fact occupy that space and vacate its existing
building. In addition, the burden of removing the existing Ski
Museum structure and landscaping the site has now fallen on the
shoulders of the Town or some other entity. Both of these
conditions were established to accommodate the desires of the
developer to construct Phase 4 in locations that were designated
as open space. Two years ago during the final review of this
project, it was agreed upon by all parties that the relocation
of the Museum become the developer's responsibility. These
conditions will effectively absolve the developer of that
responsibility.
STAFF RECOMMENDATION
During the last review of this project in 1985, the staff
strongly supported the approval of the project. That proposal
involved predominantly structured parking to accommodate all
phases of Vail Village Inn, a commitment to develop
accommodation units, and strong assurances that the relocation of the Ski Museum woubd be provided in conjunction with this
7
development. The phasing proposal submitted at this time falls short on each of these considerations. While it may be feasible
to mitigate the issue over the units by instituting use
restrictions, and the Ski Museum may be resolved through further
negotiation between the developer and the Ski Museum, staff .
feels strongly that the issue of parking is not being solved
through the implementation of valet service. We are bound to
view this proposal as what possibly could be built out of the
project. As a whole, the project has been deficient in parking
for a number of years. To allow additional development on the
site without additional parking would be nothing short of
irresponsible. For years the parking that is not provided on
this-site has been made up somewhere within the Town. One can
assume that adjacent properties and the Town parking structure
have absorbed this burden. With the ever increasing utilization
of the Town structure, it is simply infeasible that any
additional burden be placed on this facility by allowing private
development to proceed without carrying its fair share of the
parking requirements.
Although the staff remains positive regarding the quality of the
overall previously approved project and we recognize that our
concerns could be mitigated in the future by immediate follow-
through with the next phase, it is our responsibiity to fairly
evaluate this proposal as if this is the final product. With
this in mind and to be consistent with our position on similar
proposals, we cannot support the present proposal. Staff
recommendation for this phasing program and the proposed
amendments is denial.
~ . r
.
.S`ECOND ADDENDUM TO APPLIC,ATION
ZO_R_A_MF ~iDM_ENT FOR
0PECIAL DEVELOPMENT -]P-l-STRLC,-T_IJQ,:_E.
The following changes need to be made to Ordinance No. 1
Series of 1985 in order to proceed with the proposed structure to
be located on Meadow Drive.
1. In Section 2 additional reference should be made to the
current set of plans as submitted for the proposed structure
located on Meadow Drive. I would assume that this could be
called the new Phase IV and the remaining portion of the project
would be referred to as Phase V.
2. In Section 6 the paragraph makes reference to Phase IV
regarding the minimum distance between building, the only thing
that should be added should be possibly a date of the current
plans as submitted.
3. In Section 7 Subparagraph B, once again Phase IV would
be the current Phase IV with the plans dated accordingly.
4. In Section 8 the 120,600 sq.ft. of GRFA should remain
the same, 175 accommodation units should also remain the same,
however, the 72,400 sq.ft. should be reduced by the sum of 5,378
sq.ft. which represents one-half of the total square footage of
GRFA in the current Phase IV. This amount of square footage has
been devoted to units with a kitchen. The 72,400 sq.ft. should
therefore be amended to read 67,022 sq.ft.
5. In Section 9 the language pertaining to Phase IV should
once again make reference to the plans submitted by Gordon R.
Pierce with the current date on such plans.
6. Section 10 should be amended to reflect the current
parking plan on the set of plans submitted with our application.
7. In Section 11 regarding conditions of approval the
following changes should be made:
a. Once again Phase IV should be reflected by the
current set of plans submitted by Gordon R. Pierce.
b. Subparagraph one should remain the same.
c. Subparagraph two should remain the same.
d. Subparagraph three remains the same, however, we
are not in need of such approval during this phase and that approval would only be necessary upon the development of the
next phase.
_
.
r ~
~
.
e. Subparagraph four should be deleted. The _
following language should replace the existing Subparagraph
four:
The developers and/or owners of Phase IV agree to
transfer by General Warranty Deed to the Town of Vail
free and clear of all liens and encumbrances. Such
Condominium unit shall be approximately-3,986 sq.ft. in
4 size and shall be located as indicated on the plans and
specifications submitted with the application.
There would be no restriction on the Deed for the use by the Ski
Museum, however, the space should be used for some public purpose
by the Town of Vail.
f. Subparagraph five would be deleted.
g. Subparagraph six can stay the same.
~
.
COLORADO SKI MUSEUM
SKI HALL OF FAIViE
i
~
. May 1, 1987
~ Mr. Ron"Phillips, Manager
Town of Vail .
75 S. Frontage Road
" Vail, CO 81657
_ Dear Mr. Phillips:
. -The Colorado Ski Museum has been approached by the Town of Vail
Planning Staff and the counsel representing the developer for the
proposed Vail Village Inn redevelopment, concerning the possibil-
ity of a Museum move to the new development. After meeting with
these two parties, the Museum agreed to give the proposition some
consideration.
As you may recall, the Museum has been housed-.in the old Mountain
Bell Switch building since the Town of Vail purchased the build-
ing in June of 1975, with specific restrictions stated in the
warranty deed that the property shall be used exclusively for the
Museum for 25 years, or until the year 2000. In considering the
proposal put forth by the Vail Village Inn developer, the Museum
is not in a position to make a move if any expense is incurred on
- its part.
_ Therefore, we are presenting our considerations for the possible
move to the Town of Vail and what we will need from either you or
- the developer to relocate to the new Vail Village Inn redevelop-
ment.
1. The Colorado Ski Museum will need 3,000 square feet of _ finished space with an additional 1,000 square feet of un-
finished space, adjoining the finished space, for storage.
2. We will need a carpeting allowancefor the 3,000 square feet
of finished Museum space.
3. We will need a drop ceiling with acoustical tiles in the -
3,000 square feet of finished space.
4. We will need the walls drywalled, taped, fire-rated, primed .
-and painted.
5. We will need a lighting allowance for the entire 4,000 -
square feet of space.
6. An appropriate number of parking spaces for the staff and
visitors must be guaranteed in the development's private
parking area, near the location of the Museum. .
P.O. Box 1976, Vail, Colonado 81658 9 303/476-1876
y
. r
Mr. Ron Phillips
May 1, 1987...
Page Two 7. A full understanding of the Museum's position relative to
the management of the building and the Condominium Associa-
tion must be worked out.
8. Outside space available to the Museum must be provided
for the Museum's outside exhibits.
9. Adequate signage for the Museum must be allowed, subject
. -to Museum approval.
10. Exemption from any ancillary or hidden fees, such as condo-
minium association fees, taxes, etc. must be arranged.
- 11. The procedures for determining any and all utility
installation costs and monthly charges will have to be
establi.shed and agreed upon.
,
12. Access for Museum staff and guests to public restrooms and
to an elevator must be established and guaranteed.
13. Interior design criteria and code compliance shall be sub-
ject to review and approval by the Colorado Ski Museum.
14. Any and all zoning variances needed for the Museum shall be
the responsibility of the Town of Vail or the developer.
15. The total amount of insurance coverage for the Museum's
contents must remain the responsibility of the Town of Vail,
and must be reported to the Colorado Ski Museum. The total
. amount of insurance coverage for the building, and thus the
Museum space, must also be reported to the Colorado Ski
Museum.
16. Water and waste line plumbing needs to be roughed in, with
- the location to be established by the Museum.
17. The developer:will be required to pay water heating and
: cooling on.the basis of a square foot cost.
18. The Town of Vail must make a commitment to house the
Colorado Ski Museum in the proposed space in the Vail
Village Inn r.edevelopment in compliance with the 1975 War-
ranty Deed requirements of "twenty-five (25) years from the -date of this deed", with two (2) twenty-five (25) year op-
tions for renewal, subject to the life-time of the building.
Our Renovation/Relocation Committee has determined that if we
agreed to move the Colorado Ski Museum from its present location .
to the Vail Village Inn, the project would cost approxiamtely
$65,000 to $71,000 from start to finish. These figures have been
based upon the above.requirements and the attached list of Tenant
.
, r .
Mr. Ron Phillips
May 1, 1987
Page Three
Improvements provided by the developer. However, until a more
definitive description is provided by the Developer, these
figures remain tenitive. At the same time, before the Colorado
Ski Museum can agree to make the move, we must be assured that
the Town of Vail will maintain the level of responsibility and
participation in providing a finished space to house the Museum
as it does today.
Sincerely,
Michelle J. Cahill Executive Director
MJC/Attachments
cc: Robert C. Johnstone
Peter Patte
Tom Braun
Jay Peterson
Colorado Ski Museum Executive Committee -
;
OTTO, PETE1350N c,'~' POST
ATTORNEY'S !1T LAW VAIL NATIONAL BANK BUILDING
FREDERICK S. OTTO
POST OFFICE BOX 3149 (303) 476-0092
K. PETERSOt~
JAY K
WILLIAM J. POST VAIL, GOLOIZADO 61658-31,19 EAGLF. VAII PROFESSIONAL BUILDING
f3031 9 49-5380
DENVER DIRECT LINE
(303) 623-5926
MEMORANDUM
T0: MICHELLE CANILL/COLORADO SKI MUSEUM
FROM: JAY K. PETERSON
DATE: APRIL 28, 1987
RE: TENANT IMPROVEMENTS IN PROPOSED STRUCTURE IN THE VAIL
VILLAGE INN FOR THE COLORADO SKI MUSF,UAi
Dear Michelle:
Pursuant to our conference with the Town Staff, the Colorado Ski
Museum and myself the following is adescription of how the space
as designated on the Plans and Specifications would be delivered
to the Town of Vail upon completion of the Project.
1. The upstairs space would be drywalled and taped. The
ceiling in the upstairs space would also be drywalled and
taped.
2. The downstairs space would have concrete walls with either a
suspended ceiling or a drywalleG ceiling. The drywall would
be taped. In addition, the downstairs space would be
sprinkled according to code.
3. An electrical panel will,be provided for the space.
4. Nlinimum lighting will be provided according to code.
5. Two lavatories will be provided on the downstairs level
adjacent to the premises which will provide common bathroom
facilities for the commercial areas of the building
including the Ski Museum.
If you have any questions please contact me at my office•
~v L' ~ i~L- ~ : L'.'!-C. ~ Ci-,~. ;~x•:l ~r~~~ LY~ >~-;i:tl_L ' _
JK P : n s ' . lijl'a.~f r~-'
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. ~
TO: Town Council
~
J
FROM: Community Development
DATE: May 5, 1987
SUBJECT: Vail Village and Lionshead Popcorn Wagon Lease
Negotiations: Owner, Village Popcorn Wagon, Ms. Ila
Buckley; Owner, Wagon on the Mall, Lionshead, Mr. Dan
Mulrooney, Mr. Ross Davis, Jr. and Mr. Carl Dietz
I. APPLICANTS'REQUEST The owner of the Vail Village popcorn wagon, and owners of the
Liorishead popcorn wagon are interested in negotiating new lease
rates with the Town Council. At this time, the Lionshead
popcorn wagon has a lease which began in February 1985 and
extends until January 1990. The five year lease requires a
minimum rent of $40,000.
The Village popcorn wagon was relocated on Town of Vail
property when the Plaza Lodge remodeled during the summer of
1986. Due to the remodel, the popcorn wagon could no longer be
located on Plaza property, as Christy Sports expanded on the
west side of the building. The Founders' Plaza was designed
to allow for the popcorn wagon to be moved into this area. On
July 4, 1986, the popcorn wagon opened for business on Town of
Vail property. The staff is in the process of arranging a
lease with Ila Bulkley.
In a letter dated March 13, 1987, Ross Davis explains the
owners' request for a lease renegotiation:
..The Wagon on the Mall operation has grossed $41,000
and $37,000 in its two years of operation. The numbers
are consistent with the historical revenues of the Vail
Village Popcorn Wagon and based on the experience of the
operators, gross sales should stay within these parameters
over the next few years.
Enclosed herewith please find copies of the balance
sheets, statements of earnings for the Wagon on the Mall
for the years 1985 and 1986 which reflect the current cost
of lease in excess of twenty percent of the gross revenues
of the operation.
As you know, Fair Market Percentage rents in the Town of
Vail for a restaurant operation rarely exceed 8% of gross
for rental, and the ground rental on a square foot basis exceeds two hundred dollars per square foot per year.
We at this time request that the Town Council in
connection with setting the rental rates for the Village
Popcorn Wagon, reassess and renegotiate the lease charged
for the Wagon on the Mall Lionshead Operation to make the
lease comparable and equitable.
As the Town pays the utilities on the Lionshead operation
and does not pay them on the Village location, the rents
on the Lionshead operation should exceed that charged to
the Village operation by approximately $500 (our estimate)
or the Town's calculation of actual costs for providing
- those services.
In connection with entering into the original lease
agreement with the Town, the Wagon on the Mall paid tap
fees and hook-up fees in the amount of $16,752.61, as well
'as paying a security deposit of $2,000 to the Town of
- Vail.
The rental rate was set at $8,000 per year which at the
time was reasonable based on the estimation of gross
revenues of between $80,000 and $120,000 per year.
Experience has shown that the business did not sustain
those gross revenues, and the fixed rate entered into at
that time did not coincide with the ability of the
business to pay rent.
We would respectfully request that the Town Council
consider setting this matter for consideration at a work
session along with the determination of the rents for the
Village Popcorn Wagon so that the two businesses which are
so important to the character of the Vail experience can
be operated in a smooth and economical manner and continue
to benefit the overall community.... (Please see the
enclosed letters.)
II. BACKGROUND RESEARCH
In order to make a reasonable decision on this request, the
staff decided to contact several other ski towns and cities
that have vending operations on public property. Below are the
results of this research:
1. Town of Aspen, Contact: Mr. Larry Thoreson, account
auditor for the finance department
Mr. Thoreson stated that they do have a popcorn wagon
in Aspen, however, it is located on private property.
The only comparable figure that Aspen had for a use
such as the popcorn wagon was an amount that the city
charges for outdoor dining decks which extend out
from restaurants onto the mall area. The city
charges $2 per square foot per month. This charge
equals $24 per square foot per year. At this time
the City Council is thinking of changing the dollar
amount per square foot. Their opinion is that it is
too low. The $2 amount was arrived at by calling
other restaurants that had outdoor dining space on
private land. The staff made a determination of what
that space was worth. One reason for the lower price
was that the deck space is usable only during good
weather.
Example: Wagon Area = 240 sf (121x201) x$2 =$480
per month lease. Year lease =$5,760
2. Town of Steamboat Sprin s, Contact: Ms. Michelle
Danmier, accounts revenue clerk
Steamboat Springs does not allow any vending on
public property due to the competition it would
create with merchants. The only applicable
comparison was a Sno-Cone cart which was allowed to
operate in one of their town parks. The Sno-Cone
operator was required to pay $100 per month, plus she
paid for a sales tax license and peddler's license.
3. Town of Crested Butte, Contact: Ms. Carrie Folger,
Town Clerk
In Crested Butte, they have a license called a
"business occupation licensing tax" (BOLT). The tax
is based on the numbers of employees that the
business has. This type of tax is applied only to
. food vending. The vending.of other items is not
allowed. As an example, two employees requires $100
per year, three to seven employees $270 per year,
eight to 15 employees, $475, and 16 to 24 employees,
$1,000 per year. Each BOLT is reviewed by the Town
Council. The tax money goes to the Chamber of
Commerce. There is no change in rules if the
operation is on public or private land.
4. Keystone, contact: Ms. Dorie Jenson, commercial
operations for Keystone Development Corporation
Keystone requires 10% of gross sales for a crepe
wagon which is located at the base of the mountain.
The crepe wagon owner pays for her own utilities. A
small deck is also located around the crepe wagon.
Example: $39,000 average gross x.10 =$3,900 per
year
5. Town of Telluride, contact: Ms. Leslie Sherlock, Town
Clerk
Telluride allows for five vending operations on
public property. The vending operations are small,
pushcarts approximately 3'x51x71. Food vending has
included burritos, hotdogs and hot potatoes. The
applicant is required to pay for a business license
which is usually around $100 and is based on the
number of employees. The owner is also charged $60
per month for the lease space on public property.
The operation must be inspected by the health
inspector. The carts are removed every night. The
owner must also provide liability insurance. The
vending operations are approved by the Town Manager.
The Town Manager determines if the cart is attractive
'and contributes to the ambiance of the Town. The
Town Manager may deny the request if it is felt that
the operation will detract from the Town.
Example: 12 months x $60 = $720/year
6. Town of Durango, contact: Mr. Cliff Bilyew, Building
Inspector
Vending on Town property is not allowed.
7. City of Boulder, contact: Ms. Mary Smario, Parks
Department
The Parks Department handles all vending operations
on the Boulder Mall. The vending operations are
actually reviewed by a five member Mall Commission.
Applications are taken from January to February each
year. Permits are awarded in March and are normally
for a three year period. The charge for the permit
is $144 per month in June, July and August. The
wagons are required to be in operation during this
period if they receive a permit. During the off-
season from September through May, the carts do not
have to operate and are charged only $33 per month.
The Mall Commission reviews menus, design of the
carts, and hours of operation. After three years,
the business is required to reapply for another three
year permit. Presently, Boulder has 8 vendors (2 per
block and the mall is 4 blocks long).
Example: 3 months x$144 =$432, 9 months x$33 =
$297. $729 total yearly rate
8. City of Denver, 16th Street Mall, contact: Denver
Partnership, Ms. Merle Miser
The Denver Partnership manages all vending on the
16th Street Mall. Carts are charged $150 per month
for a lease area. In January and February the charge
is $100.
Example: 10 months x$150 =$1500, 2 mths x$100
_ $200 = $1700 total yearly lease
~ 9. Restaurant lease prices in Vail
According to one real estate office, enclosed
restaurant space within Lionshead ranges from $15 to
$20 per square foot. In the Village, it was
- estimated that the maximum amount was approximately
. $30 per square foot.
Another real estate firm estimated that in the
Village the lease rate for restaurant space is
approximately $20-25 per square foot or 7% of the
gross sales, whichever is greater.
Additional real estate research cited a Lionshead
restaurant rate at $15.62/sq ft. Village restaurant
rates varied from $7/sq ft, $15/sq ft, to $30/sq ft
depending on location and level of the restaurant
within the buiding.
It is difficult to compare retaurant rent rates to
the popcorn wagon, as improved, enclosed restaurant
space is more expensive.
III. STAFF RECOMMENDATION
Given this information, it appears that there are many ways to
handle setting the lease price for both wagons. Presently, the
Town requires that the Lionshead popcorn wagon pay a total
amount for a five year lease regardless of the gross. This
decision was made, in part, due to the fact that it is often
difficult to verify gross sales of this type of business. It
was felt that it would be much easier to agree upon a total
lease amount and then require that amount to be paid over the
period of the lease.
Staff would recommend that $2 per square foot per month or $24
per square foot per year be the lease rate for the wagons.
This will lower the annual amount from $8,000 to $5,760 and is
supported by the Aspen experience. A slight difference in the
rate for the two wagons may be warranted given the fact that the owner of the Village wagon pays all.;. her own utilities.
• ,
~1Y1h~; n Ross Davis, Jr. G Attorney at Law
Suite 307, Vail National Bank Building
Post Office Box 190
Vail, Colorado 81658
303-476-2414
March 13, 1987
Mr. Ron Phillips ,
Town Manager
Town of Vail
75 S. Frontage Rd., West .
- Vail, CO 81657 RE: Popcorn Wagon Lease Rental Rates
Dear Ron: At a meeting March 11, 1987 with Christin and Larry Eskwith in
connection with the setting of Fair Market Value Rentals for the
the Town to charge for the Lionshead and Vail Village Popcorn
Wagon operations. The consensus of the conversation was that Ila
Buckley is not in a position to pay the same rent charged to the
Wagon on the Mall in Lionshead, which rental rate is currently
$8,000.00 per year and that the rental rates for the two
operations should be set in a consistent manner on an equitable
fair market basis. The Wagon on the Mall operation has grossed
$41,000.00 and $37,000.00 in its two years of operation which
numbers are consistent with the historical revenues of the Vail
Village Popcorn Wagon and based on the experience of the
operators gross sales should stay within those perameters over
the next few years.
Enclosed herewith please find copies of the balance sheets,
statements of earnings for the Wagon on the Mall for the years
1985 and 1986 which reflect the current cost of lease in excess
of twenty percent of the gross revenues of the operation.
As you know Fair Market Percentage rents in the Town of Vail for
a restaurant operation rarely exceed 8% of gross for rental and
the ground rental on a square foot basis exceeds two hundred
dollars per square foot per year. .
We at this time request the Town Council in connection with
setting the rental rates for the Village Popcorn Wagon reassess and renegotiate the lease charged for the Wagon on the Mall
Lionshead Operation to make the comparable and equitable.
Mr. Ron Phillips ' N Town Manager March 13, 1987 '
Page 2
As the Town pays the utilities on the Lionshead.operation and
does not pay them on the Village location the rents on the
Lionshead operation should exceed that charged to the Village
operation by approximately $500.00 (our estimate) or the Town's .
calculation of actual costs for providing those services.
In connection with entering into the original lease agreement
with the Town the Wagon on the Mall paid tap fees and hook up •
- fees in the amount of $16,752.61, as well as paying a security
deposit of $2,000.00 to the Town of Vail.
The rental rate was set at $8,000.00 per year which at the time
was reasonable based on the estimation of gross revenues of
between $80,000.00 ancl $120,000.00 per year. Experience has
shown that the business did not sustain those gross revenues and
the fixed rate entered into at that time did not coincide with
the ability of the business to pay the rent.
We would respectfully request that the Town Council consider
setting this matter for consideration at a Work Session along
with the determination of the rents for the Village Popcorn Wagon
so that the two businesses which are so important to the
character of the Vail experience can be operated in a smooth and
economical manner and continue to benefit the overall community.
Thank you very much for your attention to this matter. If you
have any questions feel free to contact my office.
SincereJ.~'`,' /
s , . r r.
RD : n s~
WraCjQN pIV Tf-lC ItII~ILL.
Eialance ShePt •
4
• ;:~~:;';•;i
ASSETS
CASH ON HAND • 100.00 CASH - CHECKING ACCOUNT 2,474.52 I UVENTORY ' 774.35
• ' ^~'rt~"~_~ ~~:'i^.~•
TRF, _ FEES, HOOK UF'S 16,752.61 ACCUM. AMORT. -TAF- FEES ~ ~
512. 89Cr
; ;
. . ' " • 'h,:~
STORAGE SHED 440.78
ACCU.M. D=PREC. -S?GRAGE SHED 66. 12Cr
kRuON & EQUI {='ME1VT 35, 869. 30 ACCUMULA"fcti . DF_PR - WRE 5, 1 11 . 74Cr
F-,RE;:,A I D I hSURAIVCE 240. 80
r' "'A I U RENT :Hr-.;=~~s-•._.
Rc.r- 666.66
• ,.:f,~N_.•.
StCUR I TY DEPOS I T5 2,000.00
_
TO'i'RL RSSETS
• . ~ r.,-..
• ~.,...-i -
• LIAbILZTZES
NOTE F'AYABLE - VNB 6,000.00 ' . .
NOTE F,AYAbL.E - CARL DI ETZ . 32, 200. 00
FICA F,AYABLE 64.28 _ '
FWT F'AYABLE . 85. 00
SWT F'AYAPLE . 21.30 SALES TAX 310.90 RESORT TAX ~ 4.47
TOTAL L I Ab i L I T I ES 38,685.95 :f
GRF,ITAL
CAF,ITAL - DIETZ, 1NC. 11,700.00
F'ROF I T OR LOSS ~ 1,242.32 TDTAL CAF,ITAL ~ 12,942.32 TOTAL LIABILITIES RND CAP,ITA:. ~ , ~i, 628. 27 .
. ~ ~ ..1.._,
' - , . . - :r~>
. . . _ - - .j ~ ~
/
~ ~ . .
. ' . . . . ~ . • .
. . ' ~ I• .r•
~4nc:?oni on, Tf--lF MI. . . .
. Staternerct c,f Ear^riirios
01-01-85 '~'iG 12-31-85
- 01-0 i-85 t a 12-3 i-85 YTD
DcSCR I RTI ON _ AMOIJIVT F'CT • • AMOUNT ~ F'CT ,
-
INCOrtE
.
FOOD • ' 40939.11 - '~'•..*1~0% :
M I SCELLANEOlJS 3. 70 ~TOTAL I NCOME : . . 40942.81 ' - . -1 @m%
COST OF SALES '
FQOD . ' 9604.04 TUTAL COST OF SALES 9604.04
~"c:~%_
.
6RUSS PRGFIT • . 31338.77 -.77X
OTHER INCOhiE
SALES TAX DISCOUNT 54.55 tYZSCcLLANEOUS INCOME. 11.68
TOTAL OTHER I NCOME 66.23
. ,..EXF-,ENS'cS
WAGES . 9700.25 . 24%
F'ARTtvERS' SALRRIES 84.00
.
BANK CHAR6ES 26.60.
DEF'REC I AT I ON 7690.75 . '19%
INSURANCE . 307.20 • 1%
INTEREST 226.18. ' . iX
. '
LAUNDRY tt LINEN ' 139.17
LEGAL R ACCOUNTING_ ' . . 1600.00 4%
L I CENSES & FEES c 16. 00 . 1 X
•
OFF I CE _ • 14.50
OUTSIDE ScRVICES - ' 1046.89 ..3%
OVER 8 SHQRT ' . 1• .
00 . . - - - . . . . . . . _ ;
RENT 7333.34 - 18X
REr'A I R 8 MA I NTENANCE . . 659. W_ _2%
SUF'F'LIES 219.79 1%
TAXES QN PAYROLL . 897.11 2%
TOTAL EXPENSES 30162• Eg- 74%
NET F'ROFIT 1::4~. 32 3X
, . -
. ~ . . Wa~ON aN TH; MaLL
E+~~lance sheet
12-31-a6
ASSCTS
CA SH OtU HAND i sZto. ~.~43 .
CA5iA - CHr=CK I IRG ACCOUtVT 3,572.16
INV_NTOR`{ 570.71
.
TAP FEES. HOOK UF'S 16, 7W. 62
ACCUM„ AMORT. -TAr' FEE..~'~ 2. S1:_. 99Ci`
, _ .
.STORAG-' SHED 440.78
ACClJM. DEPREC. -Si vRAGE SHEv 66. 12Cr .
WAGON & EG!U Z PMEh 35, 9%. 47
RCCUMULATED DEPR -W&E 5. 1 i 1. 74Cr '
r='RG(='A I D I IVSL1 RANGc 240.80
,GRE='AID REN":'' 606. E8
.
SECI.;R ITY DEPOS I TS • 2,000..00
TGTr=;L AJ ScTS " • ~r.=.6?,~i.4E -
LZAHZLZT?ES
tiCT_ F'AYAEtE_E - VNB a,000.00
NOTE PAYAP!_C - CARL DLETZ 32,200.00
FI CA PAYAEtLE Si. 8" .
l=ltiT F'AYresLE 85.07
SwT PAYABLE 21.00
5ALE5 TAX 48i. ~9
RE'''v^R'`' '1 AX 7. 87
70TPL L2AH.T.ZTTIES 40.877.56
CAPIT%
CAP:T(aL - D?ETZy INC. _1, 1i4. 11
C,~)PZ"Ni! iY11JLRGONCY 414.11
CAPI"r(-;? - DAVwS 289.86
CAP17f-1L - WOOD Ec:. I2
CA:-`iYF-tL - J=NET i 62.12
PROF17 OR LQSS 101.42Ct^
T07AL C;=yPITAL 11,760.90
TCi'';"AL LIAbILI?'IcS GryD LAP?TAi 52.635.40
i,JAGGNI ?N THc Mri_L • "
- Statemei-ct of Ear,rrincs
o
12-01-86 t'a 12-3i-86
DESCRIP7IOlV . 22-01-86 t%, 12-31-•86 Y7D
AMOEJNT PCT AMOUN7 PCT
1 NCOME
FOC1D 6122.50 100,s 3640e. 90 . 100'/.
TOTAL INCQiYiE 6122.50 100% .36=f~.~o. 90 _..100%
.
OS1" QF SALES
FDC1D 11171.98 19/ 9264.27 L.._J ~
C•
';'Q77L GCSI' O!= SfaLES 1171.98 19: 9264.27 25'/.
c7RDsj PRGFI I , 4950. Ji B:% 27742. 63 !J%
CTNER TNCOh;E '
J(-fLCS TAX DISCOUN"' ' 8.16 48.25
TOTA+_ CT~-IER IUCGME 8.16 43. `5------------
EXF'cNSrS
vVAL7LS 1142.63 19'/. 9297.00 27/
z;\Si.:RAhfCc 17.00 119i. el KI 1
iIV'-i ^ q"r-'_S-~- .
5592.17 2 5i{
LAUNDF1Y 3• LINEh 35.34
LLu`r1L R ACCOUItii?I:"r'G y0`,_l.~~` J%
L'' ~
C`:~;SES & FEES -
.
O~r= ~C` i5~]. u~c~ ` n 350.00 I;.
65.16 1% dc_. 6-4
OJ7SIDE ScRViCcS F;So. ,=,Z
C;UcR & ..~3HGRT 1. OLI) 1, 00
RENT 6G6. FrE I i°•G 7999. SS `i=%
R=PAI R & Mf-aIN7cNANCE 398.28 i
...~iJPPL _T Ej i s.98 =71.92
TAXcJ CrN PA`fFZCLL 979.83
J/.
7RXES DtV F'ROF'ERTY 3a?. 0„ I%
'"OTAL EYPl=!vSEB 2061.43 J ~ ~.°it J7-.._,lL~ 7J;~
~
-
hET PROf=I? • r ,~3'-
~7• ~5 47"/. 1t9`_42r'r
I5G
a•
Ross Davis, jr.
Attorney at Law
"Suite 307, Vail National Bank Building
Post Office Box 190
Vail, Colorado 81658
303-476-2414
April 3, 1987
Mr. Ron Phillips
Town Manager
Vail, Colorado 81658
Re: Wagon on the Mall Lease Renegotiation
Dear Ron:
Enclosed herewith please find the final year end balance sheet for the
Wagon on the Mall to complete your file.
If you have any questions ee to contact my office.
Sin ely s,
os D .
RD/
y WAGQN G;V T=iE MALL '
E+a1ance Sheet
j.i-..3 ~ -•~G
ASSGTS -
CASH ON I-iAND . 1 00. 00
CASN - C!-jECKING ACCOUhT 3,572.16
?NVENTORY ,.c,70. 71 .
TAP FEES, NDOY UF'S 16, 752. r i
ACCt1M. AMORT. -TAP FEES '6. 1'38. 1f~Cr^
STQRRGE SHED - • _ -
- - -
: - 44 cf"?. 78
ACCL;M. DEPREC. -STORAGE S; :ED 163. iZ+9Cr-
WRGuN & EQUIr+ht`NT 35, 8c,9. 30
ACCL`MULATEc.7 DE=Pq - WRr' 22, 608. 43Cr .
PREPAID REN7 666. Ee S`CUR I TY D_L'Ca I TS 2,000. 00
TOTAL ASSETS 41,002.2S
. LIAI"iL_TTIcS '
tiO"i E F'AYfaBLE - UNH kyom. 00
NOTE PRYABLE - CARL D.T.F„Z 32j200.00
FICA PAYPPLE J:. 6?,
. FW' "-'PYAD! c 85.07
S:J't' F'AYA&LE Okfi
SrLES ?AX Qal. °3
KSE7R7 TAX 7.87
T07Ea!_ LIF.B?L?TIES 407,y?7. 56
CAP;TAL
CPPI"AL - UIE,"?, IdC. 11, 114.11
CAPIl-AL - ,wiULROz7NEY 4 =4. 14
CAP?TAL - DAViS 289.86
%.APi'i AL - W1=iQD 62.12
CAP:TAL - J'`;v27T 62.12
r'RO= i l' QR LOSS f317. r,2Ct^
TQTAL CaPITAL 124.70
TO'"faL LIfat+IL?'"I=S A(vD CAP?"'faL. 41,002.26
-
wRGON cN TH~ MAL_
Staten7ent of Ear'nines
+711-01-88 to 22-31-86
o1--t71i-86 to 12-3:-S5
DCSCRLPTION RMOU;v'!' PCT Ah'"."JUNT
INCOhiE 36406. 90
FflOD
_
- - -
_
3640a.90
T£?TAL ?NCOf+lc ' . - .
COST Gt= SaLcS 92G4. 27
OOD 9264.27
TO,-AL r'rJST fJF 5ALES .
~7,4~. 6.:~ ~ .
GROSS F':~GF_T ,
O. : ~"tCR TiV.COM`G 48.25
ShiL -.7 TAn 1! l. JL.OZ..iN•r
4A. 25
Tu-raL 07;-{ER T NCO;yic
EXF='EitiSES 9297. 00
wiRGES 3665.57
An?ORTIZf; T.€ON 7593•E6
~t
DCPR-CLKTlUN 431.8'U
~y
IC\ J URR NL G . 55S2.0
~ ~
i N. ~ 56.34
LPUNiuRY & LIN[=i` y~,.~2?, 027,
U=1:,AL & AL.COUN+.°?Nta ' J~,r-,~~0. ool
;_T_CE`\SG,.~^. Q (r'EES 82.64
~~r
u~ r° iG = ~86., J1-
OUl"SiDE ScRViCES - 1.014)
GVER & S:-i0?T 7 9-'?. '?3
RENT 398.28
REc'AiR & MAI;ti"' ENA:vljc 238. 09
.
SUPPLTES 97S.62
'!'FiX=S Qty PAYRULL - 339. v13.
TFiXOS Uh! PR0P['RT4'
3900S.50
TOTFif_ C.{Pcr'^N.^7C.S
l. b20-
;VET E-'ROFT i
~ F.
T0: Town Council
FROM: Community Development
DATE: May 5, 1987
SUBJECT: Progress with the Public Art project
The initial Task Force meeting was held on March 16, 1987. At
this meeting, members suggested topics for research and
requested that the staff arrange for several speakers to
discuss public art with the Forum at upcoming meetings. The
following schedule lists upcoming Arts Forum meetings.
Monday, May 18, 9:00 AM to 11:00 AM, Municipal Building
1. Purpose and goals of the Arts Forum
2. Public art slide show presentation
Monday, June l, 9:00 AM - 11:00 AM, Municipal Building
Guest Speaker: Ms. Gail Goldman, Director of Art in Public
Places for the Colorado Council on the Arts.and Humanities.
Ms. Goldman will be discussing the public art review process.
She is planning to provide a slide show of public art projects
across the country. Ms. Goldman will discuss community issues
related to each project.
Monday, June 15, 9:00 AM - 11:00 AM, Municipal Building
Guest Speakers: Mr. Charles Parson and Mr. J. P. Rico Eastman,
both Colorado sculptors, will discuss their experiences with
public art projects.